Hospital Cyber Insurance Use on the Rise
HEALTHCARE PRIVACY—U.S.January 18, 2012
Healthcare providers are increasingly purchasing cyber insurance, FierceHealthIT reports. According to Okemos President and CEO Larry Harb, data breach insurance covers HIPAA fines, defense costs in litigation--including class-action lawsuits--as well as "third party liability." Harb added, "Every time there's a breach, more and more people jump onboard cyber insurance, because they say, 'This stuff can happen to me." Editor's Note: The IAPP Global Privacy Summit will include the breakout session, HIPAA and Beyond: The Evolving Landscape of Health Privacy.