**Abstract**

Data breaches are occurring at an unprecedented rate. Between June 2019 and early October 2020, over 564 data breaches affected over 36.6 million patients as posted to the United States Federal government HITECH portal. These patients are at risk for having their identities stolen or sold on alternative marketplaces. Some healthcare entities are working to manage privacy and security risks to their operations, research, and patients. However, many have some procedures and policies in place, with few (if any) centrally managing all their infrastructure risks. For example, many healthcare organizations are not tracking or updating all the known and potential concerns and elements into a centralized repository following industry best practice timetables for auditing and insurance quantification. This chapter examines known and potential problems in healthcare information technology and discusses a new open source risk management standardized framework library to improve the coordination and communication of the aforementioned problematic management components. The healthcare industry would benefit from adopting such a standardized risk-centric framework.

**Keywords:** risk associated with computer communications, healthcare, data breaches, GDPR, HITECH, HIPAA, standardized risk library, risk management, patient information, identity theft, cybersecurity, laws, penetration test, risk assessments, insurance
