Co3 Systems: Data Loss Management Solutions
Co3 Systems Products: Prepare, Assess, Manage and Report Data Loss Incidents
Innovative Solution Allows Golden Living to Augment Safeguards in a Highly Dynamic and Heavily Regulated Industry
CAMBRIDGE, MA--(Marketwire - December 10, 2012) - Co3 Systems, a pioneer in Data Loss Management software, today announced that Golden Living, an award-winning and industry-recognized leader in senior healthcare, has selected Co3 Systems to manage the highest levels of privacy with regard to patient information. With Co3, Golden Living can augment its security protections with a comprehensive and clear understanding of the sensitive patient information in its care across its many lines of business, and the responsibilities it holds with regards to the myriad of industry, state and federal regulations that govern patient privacy.
Golden Living is a large and rapidly growing family of healthcare companies committed to enhancing the lives of its residents and patients through innovative healthcare offerings -- from Nursing homes/Assisted living to Rehabilitation and Hospice care. As with any healthcare organization of its size, Golden Living holds and processes confidential and personal information such as physical and electronic medical files, social security numbers, as well as credit cards and financial records. To ensure prompt, effective and efficient care, the information is accessed and shared across numerous locations, lines of business and systems. Given a more nomadic workforce made up of travelling nurses, therapists and staff, mobile devices have become an essential part of everyday operations -- increasing the footprint of regulated data and therefore, risks. Like any healthcare organization, the company must adhere to a range of regulatory requirements over how that data is handled and secured, from HIPAA / HITECH to PCI. With a small team and limited resources, Golden Living wanted to ensure the ability to maintain its pioneering levels of security and privacy, while enhancing its understanding of the ever growing data sets and preparing for any contingency that could negatively affect that data.
"The efficiencies that Co3 creates are invaluable to a large, distributed organization like Golden Living," said Amy Brantley, Chief Privacy Officer at Golden Living. "Co3 replaced a formerly tedious and costly operation with a streamlined and highly effective privacy and breach incident management system that requires minimal resources and that has saved us time, money and resources."
Co3 Systems is unique in offering an automated, easy-to-use way to understand the scope of regulation and law that pertains to each business's customer base and related data. It also allows for the creation and testing of incident response plans that can be rapidly and repeatedly deployed in the event of a data loss situation. The platform provides organizations the most up-to-date information regarding current and pending legislation with extensive links to source legislation, disclosure letter templates, contact information and policies -- all easily accessible at every step of the process. Co3 Systems also maintains a network of leading lawyers and other practitioners in the field to routinely share updates, interpretations and best practices.
"Co3 helps us complete a comprehensive incident response program that focuses on the privacy and security of our patients' information," continued Brantley. "The system is easy-to-use, automates tasks that allows my team to stay on top of events, and it gives us the option of setting reminders for when things need to be accomplished. At a glance, we can see which items are closed and which are open, the severity levels, and what actions are being taken. Co3 makes an arduous process simple -- with just a click of button, I can run reports for all our requirements."
"We live in a world where sensitive personal data is increasingly targeted and abused," said Ted Julian, Chief Marketing Officer at Co3 Systems. "This has resulted in an increasingly complex regulatory environment that demands immediate accountability and transparency -- and with the very real threat of heavy financial penalties for non-compliance. Co3 allows organizations to control their own destiny by automating and simplifying what was once a manual, linear and chaotic process comprised of multiple service providers with varying levels of familiarity with the business. Based on years of experience and the industry's most extensive knowledgebase of regulations and best practices, Co3 gives customers peace of mind knowing that they are prepared to respond to any contingency. This ensures a quick and efficient response, which protects the brand while also avoiding the variable costs that can cause data loss events to spiral out of control."
About Co3 Systems
Headquartered in Cambridge, MA, Co3 Systems is an innovator in Data Loss Management solutions. The company's SaaS-based offering enables organizations of all sizes to efficiently prepare for and rapidly manage data loss events. Companies using Co3 demonstrably minimize the costs resulting from data loss incidents. With funding from Fairhaven Capital, the company's executive team and advisors comprise security experts from world-leading security, software and service organizations. On the web at www.co3sys.com.
CHEN PR for Co3 Systems