Remove Disaster Recovery Remove Procedures Remove Third-Party Service Provider
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HIPAA Disaster Recovery Planning

VISTA InfoSec

However, ePHI is vulnerable to threats like cyber attacks and natural disasters, making disaster recovery planning (DRP) vital. Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Why Is Disaster Planning Important for Healthcare Organizations?

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Understanding Risk Management Strategies as a PayFac

Stax

Payfacs need to have regular AML screenings and strictly implement KYC procedures. Cyberattacks, human errors, third-party service provider failures, and system disruptions all come under operations risk. They also need to have strong data security protocols in place.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Requirements related to business continuity and disaster recovery have also been included for the first time. Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents.