Dallas-based Pharmaceutical Strategies Group, a pharmacy intelligence and technology company, is partnering with Richardson-based Armor, a cloud-security company, to secure healthcare data in the cloud while achieving regulatory compliance.
PSG possesses a product and service portfolio for health systems, payers, multi-employer groups, and Fortune 500 employers. The company offers consulting and technology for healthcare-related issues, and selected Armor for its HIPAA-compliant approach to secure private cloud hosting.
Armor’s program, Armor Complete, will manage healthcare compliance and security controls to safeguard electronic protected health information along with other sensitive data. According to Armor, security features include two-factor authentication, log management, persistent data encryption, vulnerability scanning, and a dedicated next-generation firewall.
Wayne Reynolds, vice president of security at Armor, says it’s critical for organizations that possess this information to be diligent and focused on its storage and management through a secure environment to prevent “threat actors” from targeting their environments.
Electronic protected health information “is an especially attractive target for cybercriminals, because it is a treasure trove of information, ranging from social security numbers and financial information to sensitive health information for both individuals and their dependents,” Reynolds told D CEO Healthcare. “If this information is compromised, it can lead to potential blackmail or extortion, and a proliferation of fraudulent credit card and other nefarious financial activity.”