Most boards of directors are beginning to understand the grave consequences of not paying close attention to information risk management. All of the items below have relevance for all board members, not just those in healthcare. Thatâs because many companies are now legally responsible for the actions of their business associates, including health insurers. And some of the biggest data breaches in the last several years have occurred when seemingly low-risk vendors (like heating & cooling companies) have gotten hacked, opening a back door to corporationsâ most sensitive data assets.
1. Data breaches occur in a multitude of ways, and all of them can be costly.