New HIPAA Obligations For The Financial Industry

Law360, New York (February 28, 2011, 4:08 PM EST) -- In 2010, financial institutions were put squarely in the sights of privacy regulations historically found only in the health care industry. The enforcement of these regulations is increasing and these institutions are now, more than ever, susceptible targets.

With the passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act in 2009 and the implementing regulations in 2010, “business associates” of health care providers were required to establish and maintain the same level of privacy and security policies as their health care providing...
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