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A new law signed on January 5th, 2021, offers safe harbor to organizations that can prove compliance with the HIPAA security rule for the previous 12 months, protecting them from fines and penalties.

Highlights
📜 New law signed providing safe harbor for HIPAA compliance
🔒 Organizations can avoid fines by demonstrating reasonable security practices
📋 NIST Cybersecurity Framework and other respected frameworks specified
💰 Well-documented risk assessment crucial for safe harbor preparation
🛡️ Protection from heavy fines and penalties for compliant organizations

Key Insights
📜 The new law signed in 2021 offers a critical safe harbor provision for organizations striving to prove compliance with the HIPAA security rule. This protection is crucial in the face of increasing data breaches and cyberattacks.
🔒 Demonstrating reasonable security practices in alignment with the NIST Cybersecurity Framework and other reputable guidelines is essential for organizations to qualify for safe harbor and avoid fines and penalties.
📋 A thorough and accurate risk assessment is highlighted as a key starting point for organizations looking to prepare for safe harbor under the new law. This process ensures readiness to showcase compliance with security best practices.
💰 By leveraging the safe harbor provision, organizations can potentially shield themselves from hefty fines and regulatory findings that may arise from HIPAA non-compliance. This protection is a valuable asset in today’s challenging cybersecurity landscape.