Triple-S Unit Faces $7M Fine Over Medicare Data Breach

Law360, New York (February 19, 2014, 1:13 PM EST) -- Triple-S Management Corp. said Tuesday that its health insurance subsidiary has been hit with a $6.8 million penalty by Puerto Rico for failing to properly respond to a data breach involving more than 13,000 Medicare beneficiaries.

According to a U.S. Securities and Exchange Commission filing by Triple-S, the Puerto Rico Health Insurance Administration last week notified Triple-S Salud Inc. of its intention to impose the civil monetary penalty as well as other administrative sanctions with respect to the breach involving Medicare beneficiaries, who qualify for both...
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