IT Security Policy Template for Risk Analysis and Risk Management
An IT Security Policy Template document is a document that an organization uses to state its IT security policy. The IT security policy template document can be a policy covering all facets of a business’s security compliance. A provider can also use a series of IT Security Policy Templates to create topic-specific policy documents. One IT security policy template is a Risk Analysis and Risk Management IT security policy template. The importance of having a Risk Analysis and Risk Management IT security policy template is discussed below.
Why Do I Need an IT Security Policy Template?
If you are a HIPAA covered entity or business associate, you must comply with the HIPAA Security Rule. Compliance consists of developing policies and procedures to ensure electronic protected health information (ePHI) is kept confidential, is readily available to those who need it, and is protected from improper alteration or destruction.
Having an IT security policy template for risk analysis and risk management is more important now than ever. A recent Black Book Market Research study, which surveyed 2,464 security professionals from 705 healthcare organizations, was conducted to assess whether healthcare providers have security gaps or vulnerabilities that leave them susceptible to healthcare data breaches. The results of the study are eye-opening. The researchers determined that 75% of hospitals, health systems, and other covered entities are unprepared to handle a cyberattack should they be targeted by a threat actor.
In addition, the Department of Health and Human Services (HHS), in December of 2020, issued the long-awaited results of its Phase 2 audits. HHS conducted audits in 2016 and 2017 that reviewed selected healthcare entities and business associates for compliance with certain provisions of the HIPAA Privacy, Security, and Breach Notification Rules. HHS found that most covered entities and business associates had failed to implement the HIPAA Security Rule requirements for risk analysis and risk management.