Name one key administrative safeguard required by the HIPAA Security Rule.

One key administrative safeguard required by the HIPAA Security Rule is conducting risk assessments. This process is essential because it helps covered entities and business associates identify and analyze potential vulnerabilities and threats to the confidentiality, integrity, and availability of protected health information (PHI). By systematically evaluating risks, organizations can implement appropriate security measures to mitigate those risks, thereby ensuring compliance with HIPAA standards and protecting sensitive patient data.

The risk assessment process is a crucial component of a comprehensive security strategy, as it allows organizations to prioritize resources and effectively address the most pressing security concerns. This proactive approach not only safeguards PHI but also helps in establishing a culture of security within the organization.