Cyber threats, internal threats, and accidental information leaks are putting confidential corporate and customer information at risk. The focus on protecting consumers, especially with regards to health information, has led to increased regulatory and compliance requirements on the insurance companies. This puts additional risks on the corporations in fines up to 1.5 million dollars per year for each breach of HIPAA. With all this additional overhead and risk, how can insurance companies today remain competitive in the market while at the same time protecting consumers and complying with regulations? This talk highlights the types of threats facing consumer’s information in the travel health insurance industry, recent changes in regulation and compliance requirements, and how can the insurance companies protect themselves, remain compliant, while maintaining a high level of efficiency and competitiveness.

1. Increasing
Competitiveness while
Protecting Consumers
Tony Abou-Assaleh, PhD
President & CEO, TitanFile Inc.
THIA AGM - Sept. 17, 2013

3. About me
● President and CEO, TitanFile Inc.
○ Enterprise file sharing and collaboration
● 10 years in security and privacy
● Passion for democratizing security

5. Who understands HIPAA
Compliance?

7. HIPAA and HITECH Omnibus Rule
● What is it?
● Why should I care?
● What can I do about it?

8. HIPAA and HITECH Omnibus Rule
● What is it?
● Why should I care?
● What can I do about it?

9. Health Insurance Portability and
Accountability Act
● Covered entities
● Business Associates
● Rules
○ Security
○ Privacy
○ Breach notification
○ Enforcement

10. HIPAA and HITECH Omnibus Rule
● What is it?
● Why should I care?
● What can I do about it?

11. #1 Risk for Insurance

12. September 23, 2013

13. The Numbers
Last month:
● 646 significant breaches
● 22MM+ patients affected
Last year:
● 94% had a breach
● $2.4 MM average 2-year cost
● $7 billion loss

14. Types of Security Risks
● Theft
● Unauthorized access
● Loss
● Third party snafus
● Cyber-attack / hacking
● Regulatory compliance

15. HIPAA and HITECH Omnibus Rule
● What is it?
● Why should I care?
● What can I do about it?

16. Steps that you can take TODAY to improve
compliance, productivity, and protect the
consumer

17. Insurers
TPA
Patients
Consumers
Sales
Channels
Suppliers Providers
Travel Insurance Ecosystem

19. Security
Privacy Productivity

20. Concerns about Compliant Solutions
● Cost of training staff and support
● Licensing and maintenance cost
● Only protect what needs protecting

21. Security that enhances productivity
● Enterprise Integration
● Centralized management and audit trails
● Compliant partners
● Fits within existing workflows
● Remote-access, mobility, and BYOD

22. Stages of Compliance

23. Thank you!
Contact info:
Tony Abou-Assaleh
taa@titanfile.com
https://www.titanfile.com