Clearwater, FL – February 10, 2016 – FairWarning, Inc., a leading provider of solutions which expand trust in mission critical applications such as Salesforce, Electronic Health Records and cloud-based applications, today announced that its Managed Privacy Services business has grown 97% year-over-year. It now provides patient privacy and security services for 63 customers representing 245 hospitals across the U.S. and about 360,000 employees. It has also maintained a 100% renewal rate across its Managed Privacy Services customer base.
FairWarning, Inc. has more than 300 enterprise customers, representing 7,500 care providers worldwide, including 50% of Becker’s Hospital Review’s largest non-profit care providers.
Healthcare is experiencing an unprecedented escalation in breaches and threats to PHI at a time when the overall industry is consolidating and looking to reduce overall cost structures, particularly in areas not directly related to patient care.
The 2015 Verizon Protected Health Information Breach Report stated that people are withholding information—sometimes critical information—from their healthcare providers because they are concerned that there could be a confidentiality breach of their records.
“The well-known argument within the industry against information security and privacy is that it will not save a patient’s life, and every information security dollar spent takes away from spending on better patient care,” said Kurt J. Long, founder and CEO of FairWarning. “It is time for this argument to move to the past where it belongs. At a time in which our personal health care is hyper-dependent on the digital details of our medical history and information, the idea that patients do not trust care providers with confidentiality is unsustainable.”
“We wanted to move from the snooping investigations and really get into ‘what are our advanced threats,’ ‘what are things that people are going to do that could be potentially dangerous to the system?,” said Tara McKibben, HIPAA Director and Privacy Officer, Susquehanna Health. “Now, I think we’re prepared for those higher level threats. I would not be able to do what we’re doing as an organization from a privacy perspective without FairWarning Managed Privacy Services. There is just not enough time in a day.”
FairWarning’s Managed Privacy Services employs best of class talent in advanced threat detection, EHR audit data, governance, and product usage, for a dramatically lower price and higher reliability than a care provider can achieve.
Additionally, FairWarning MPS teams run the latest tools including advanced visualization, statistics and trending to identify data signals that indicate advanced threats including compromised user credentials, identity theft, medical identity theft and general misuses of PHI, which enhance a care providers security, privacy, and compliance posture.
For more information, please read FairWarning’s founder and CEO, Kurt J. Long’s blog on Citizen Trust and Our Biggest Institutions.
About FairWarning®
FairWarning® is a leading provider of privacy and information security solutions which expand trust in mission critical applications such as Salesforce, Electronic Health Records and cloud-based applications. Auditing over 300 business applications, FairWarning solutions empower businesses globally to grow their reputation with their customers, increase velocity in their business and comply with complex federal and state privacy laws such as HIPAA, PCI, SOX, FISMA and EU Data Protection Act. FairWarning provides a comprehensive platform and managed services for performing forensic investigations of applications, enforcing access policies, conducting legal investigations, and improving compliance effectiveness. FairWarning catches people stealing your data.