http://healthitsecurity.com/news/healthcare-vendor-risk-management-programs-lagging-says-study
By Elizabeth Snell
healthitsecurity.com
July 8, 2015
Healthcare vendor risk management programs can have a huge impact on a
healthcare organization’s ability to keep sensitive data - such as patient
PHI - secure. However, if a recent study is any indication, healthcare
vendor risk management programs have room for improvement.
The 2015 Vendor Risk Management Benchmark Study, conducted by The Shared
Assessments Program and Protiviti, found that vendor risk management
programs within financial services organizations are more mature than
companies in other industries, such as insurance and healthcare.
“Even the more optimistic assessments of the current state of vendor risk
management indicate that significant improvements may be needed,” the
report’s authors explained. “The time for progress and improvements in
vendor risk management capabilities is now, particularly when considering
that cyberattacks and other security incidents are very likely to continue
increasing.”
The survey interviewed more than 460 executives and managers in various
industries. Respondents were asked to rate their organization’s maturity
level in different areas of vendor risk management on a 0 to 5 scale, with
0 equal to “Do not perform” and 5 equal to “Continuous improvement -
benchmarking, moving to best practices.”
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