HCS430 Week1 Healthcare Laws And Regulatory Issues.doc HCS/430 Health Care Laws and Regu

HCS430 Week1 Healthcare Laws And Regulatory Issues.doc  HCS/430  Health Care Laws and Regulatory Issues  HCS/430  Health Care Laws and Regulatory Issues  As our world becomes more and more about new technology, the more at risk our confidential information becomes. This can be detrimental to not only the people whose information was compromised, but to the company who had a data breach as well. Data breaches have become more of a significant problem in healthcare as well as many other industries. Due  to growing problem, laws have been implemented and vary throughout the states, such as how a company is to notify the public of the breach, what defines personal information and how much a fine can cost an organization if they are non-complaint to data breach laws.  LabCorp Data Breach  In the case of the Laboratory Corporation of America data breach, a plaintiff shareholder filed a deritative law suit against some of the directors of Lab Corp because of two separate data breaches within the company. The first breach was when a cybersercurity analyst became aware of a large number of compromised information, such as payment information, personal health information and personal identifiable information. After further investigation, it was said the breach may have come from a third party medical collections agencies payment portal. American Medical Collective Agency informed LabCorp of the breach on May 14, 2019, who and then notified investors in a June 4, 2019 Securities and Exchange Comminsion Filing.  It is alleged that on January