Any business today that accepts credit cards or stores customer information needs to adhere to the Payment Card Industry Data Security Standard (PCI DSS). What does this mean exactly? It means that any organization that accepts, transmits, or stores the private information of cardholders is compliant with various security measures to ensure that the information is kept safe and private. HIPAA takes PCI even a step further, specifically for the healthcare industry.
A large wave of Protected Health Information (PHI) breaches has been plaguing healthcare organizations in recent months. Hackers see medical records as easy targets. Not to mention that many organizations in the medical field are running on outdated systems. As such, it has become a major vulnerability easily exploitable by bad actors. Therefore, for healthcare businesses, protection needs to be a major focus to ensure effective operations. Medical facilities today need to adhere to what are called HIPAA regulations. It is the federal law created to require standards in order to protect sensitive patient health information. HIPAA regulations are heavily enforced. Any organization that creates, collects, handles, or transmits PHI is required to comply with these strict standards.