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As you calculate the possible financial damage, start with the fine from the Department of Health and Human Services. The HIPAA Omnibus rule, put into effect in March, 2013, allows the government to impose a fine of up to $1.5 million per incident.

Of course, fines of that magnitude are typically levied against large hospitals. But the law requires providers to report breaches involving as few as 501 patients, so small practices with “small” breaches are certainly not immune.

Although the cost for any one organization’s data breach will vary widely depending on the number of patient records and whether the government determines that the incident was the result of willful neglect, it’s estimated that each violation can cost between $100 and $50,000. The Average cost is $429 per record

That number, however, is multiplied by the number of patients whose records have been exposed. So if your practice has had 1,000 records leaked, the fine would run between $100,000 and $1.5 million, since the higher figure is the cap. The Average Data Breach Costs $3.92 Million

Only pay for what you need!

CyberSecurity4biz has designed packages according to the complexity of your business,  the types of data, the number of computer/mobile devices you have, and the number of employees. Whether you are a solopreneur working from home with no employees and 1 computer, or an independent healthcare business with 20 employees and HIPAA requirements, we have a package that meets your needs and budget.