Unlock Hidden Savings HIPAA Security Risk Assessment Quote
The Importance of Regular Assessments
Regular risk assessments are an integral part of maintaining HIPAA compliance. They help organizations identify potential risks and vulnerabilities in their systems and processes. By understanding these risks, organizations can implement appropriate security measures to protect ePHI. Moreover, regular assessments can lead to substantial cost savings by preventing data breaches, which can result in hefty fines and legal fees. According to the Ponemon Institute, the average cost of a data breach in the healthcare sector was $10.10 million in 20231.