Explanation:
HIPAA handles health care information of an organization.
The Health Insurance Portability and Accountability Act (HIPAA) were introduced in 1996. It ensures that health information data is protected. Before HIPAA, personal medical information was often available to anyone. Security to protect the data was lax, and the data was often misused.
If your organization handles health information, HIPAA applies. HIPAA defines health information as any data that is created or received by health care providers, health plans, public health authorities, employers, life insurers, schools or universities, and health care clearinghouses.
HIPAA defines any data that is related to the health of an individual, including past/present/future health, physical/mental health, and past/present/future payments for health care.
Creating a HIPAA compliance plan involves following phases:

• Assessment: An assessment helps in identifying whether organization is covered by HIPAA. If it is, then further requirement is to identify what data is needed to protect.
• Risk analysis: A risk analysis helps to identify the risks. In this phase, analyzing method of handling data of organization is done.
• Plan creation: After identifying the risks, plan is created. This plan includes methods to reduce the risk.
• Plan implementation: In this plan is being implemented.
• Continuous monitoring: Security in depth requires continuous monitoring. Monitor regulations for changes. Monitor risks for changes. Monitor the plan to ensure it is still used.
• Assessment: Regular reviews are conducted to ensure that the organization remains in compliance.

Incorrect Answers:
A: GLBA is not used for handling health care information.
C: SOX designed to hold executives and board members personally responsible for financial data.
D: FISMA ensures protection of data of federal agencies.