As we cited in “Risk Assessments are only a piece of the Risk Management Puzzle,” the abysmal performance of organizations in the first round of Health Insurance Portability and Accountability Act (HIPAA) audits shows great room for improvement. None of the facts outlined by David Solove in “The Most Alarming Fact of the HIPAA Audits”,…
Archives.
Risk Assessments are only a piece of the Risk Management Puzzle
In this post, we’d like to address some interesting points outlined in David Solove’s “The Most Alarming Fact of the HIPAA Audits.” One area that absolutely must be addressed is the lack of proper risk assessments. Two-thirds of all entities–47 of out of 59 providers, 20 out of 35 health plans, and 2 out of…
Risk Management Today: What’s Wrong with This Picture?
IBM recently sponsored a survey of “risk practitioners” conducted by an organization called Operational Risk & Regulation. Below is a chart summarizing 135 responses to a question about main challenges anticipated during the next two years. See study here. What is wrong with this picture of Risk Management? The top three responses, in order, are: Implementing…
IT Risk Management: Deciding on a Strategy to Insure or Ensure
I had my quarterly check-up with my primary care physician today. I have what is considered to be “pre-hypertension,” which is a blood pressure reading that’s not at a level my doctor considers serious or life threatening, but high enough where I need to pay attention to certain life-style factors to keep it in check….
Big Data Detente
A former colleague of mine Meta Brown, who works in the analytics space, recently wrote an article called Kiss & Make up with IT. In the article she speaks about the necessity of Data Analysts and IT getting along when it comes to data. Meta sets the stage with a common problem: “IT may impose…
Risk Management: The new competitive advantage
Deciding what modifications you want to make to your car can be an overwhelming task. The decision making process is made even more complicated by a limited budget. It helps to have some decision making criteria and the best advice I’ve received is, “Protect the Engine. Protect the Driver.” Obviously, without the engine and without…
The Unbearable Lightness
I am a big fan of simplicity and have written in posts such as Agility by Design and Less is More that simple design is the path to business freedom and agility. I am a minimalist and that is why the Lotus Elise appeals to me. It’s also why I think Anthony Colin Bruce Chapman,…