1. RISK ASSESSMENT PROJECTBy Robin Beckwith, Lisa Neuttila & Kathy Cotterman
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2. R.L.K. EnterprisesMedical Records Storage Company.
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3. RLK Enterprises Risk Management Proposal
Identify risks
Create security controls and mitigation procedures
Develop an operational framework of safeguards, procedures and controls
Reduce risks and liabilities to an acceptable level
Meet legal and statutory requirements

4. Risk Management Policy

• Does not eliminate risk totally, but provides the structural means to identify, prioritize, and manage the risks
• 5. Cost of managing and treating risks vs the anticipated benefits
• 6. Risk management is an essential element of good corporate governance and management practice

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7. Everyone at RLK has a role in the effective management of risk. All personnel should actively participate in identifying potential risks in their area and contribute to the implementation of appropriate treatment actions.

8. Risk Assessment Framework
Introduces a structured, flexible, extensible, and repeatable process for managing organizational risk and achieving risk-based protection related to the operation and use of information

9. Security Rule Goals and Objectives
As required by the Security standards: General rules section of the HIPAA Security Rule, each covered entity must:
Ensure the confidentiality, integrity, and availability of EPHI that it creates, receives, maintains, or transmits;
Protect against any reasonably anticipated threats and hazards to the security or integrity of EPHI; and
Protect against reasonably anticipated uses or disclosures of such information that are not permitted by the Privacy Rule.

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11. How to Conduct a Risk Assessment
Scope the Assessment
Gather Information
Identify Realistic Threats
Identify Potential Vulnerabilities
Assess Current Security Controls
Determine the Likelihood and theImpact of a Threat ExercisingaVulnerability
Determine the Level of Risk
Recommend Security Controls
Document the Risk Assessment Results

12. Identification and Categorization of Information Types in RLK System
Category 0-1 -- The potential impact is LOW if:
The loss of confidentiality, integrity, or availability could be expected to have a limited adverse effect on organizational operations, organizational assets, or individuals
Category 2-3 -- The potential impact is MODERATE if:
The loss of confidentiality, integrity, or availability could be expected to have a serious adverse effect on organizational operations, organizational assets, or individuals.
Category 4-5 -- The potential impact is HIGH if:
The loss of confidentiality, integrity, or availability could be expected to have a severe or catastrophic adverse effect on organizational operations, organizational assets, or individuals.

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16. Proposed Solution
The above Framework of risk identification, security controls and mitigation procedures, when scoped to the particular needs and applied to the specific operation of RLK Enterprises, is designed to provide an acceptable level of data assurance as well as meeting Federal Government requirements and guidelines

17. searchSecurityTechtarget.comarticle by ShonHarris
SP 800-37
SP 800-60
SP 800-66
SP 800-53
SP 800-53A
FIPS PUB 199
FIPS PUB 200
Sources
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