MarketScale July 12, 2022
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) required hospital networks, clinics, and research institutes to meet strict healthcare cybersecurity standards. But complying with the new Strengthening American Cybersecurity Act may be a whole new level of challenge.
The bill, enacted on March 15, takes a carrot and stick approach to security. It comprises three distinct acts. The Federal Information Security Modernization Act of 2022 and the Federal Secure Cloud Improvement and Jobs Act of 2022 could be described as carrots. They encourage covered entities to be proactive in improving their resilience to attacks. The Cyber Incident Reporting for Critical Infrastructure Act of 2022 is more of a stick. It stipulates harsher sanctions for breach notifications.
The rulemaking...
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