The HIPAA Act of 1997
A) requires financial institutions to ensure the security of customer data.
B) specifies best practices in information systems security and control.
C) imposes responsibility on companies and management to safeguard the accuracy of financial information.
D) outlines medical security and privacy rules.

Question

Quizplus · Accepted Answer

The HIPAA Act of 1997 (Health Insurance Portability and Accountability Act) outlines medical security and privacy rules. It sets national standards for protecting the privacy of individuals' medical records and personal health information, including electronic health records (EHRs). The Act aims to ensure that healthcare providers, health plans, and other related entities protect the privacy of patient information while allowing patients to see and control their health records. The other options - A, B, and C - are related to finance and accounting regulations such as GLBA (Gramm-Leach-Bliley Act) and SOX (Sarbanes-Oxley Act).