Here you go — they are rising and here is where they currently stand. As you can see, data breach is serious business and serious for your business.
VIOLATION TYPE | EACH VIOLATION | REPEAT VIOLATIONS/YR |
Did Not Know | $100 – $50,000 | $1,500,000 |
Reasonable Cause | $1,000 – $50,000 | $1,500,000 |
Willful Neglect – Corrected | $10,000 – $50,000 | $1,500,000 |
Willful Neglect – Not Corrected | $50,000 | $1,500,000 |
You can read the full article here: HIPAA Violation Penalties Rise in Response to Data Breaches | SmartData Collective.
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