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Some experts believe it could be handed a bigger penalty than the £290m paid by Barclays.
Graham indicated that if the information on TalkTalk's systems was not secure it could lead to a bigger penalty from the watchdog.
Others have said that the stick should sting more by forcing the uninsured to pay a bigger penalty for sitting out of the market.
The Justice Department could also levy fines under a provision of the Oil Pollution Act, in which case BP would face a bigger penalty — more than $31 billion — to repair damages.
In the bigger penalty, a Malaysian man, Tan Soo Leong, was ordered to pay $23.8 million to film studios for running a Web site, film88.com, that allowed paying members to watch pirated movies, The Associated Press reported.
While there is no specific requirement for firms to encrypt data, Graham indicated that there could be a bigger penalty from the watchdog if it believed the customer information on TalkTalk's systems was not secure.
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The S.E.C. recently asked Congress to amend the law to allow it to seek bigger penalties.
That said, it might be fairer to impose a lesser penalty for, say, the first 10 missed deadlines and bigger penalties after that.
Some, like the Cleveland Clinic, were overt, linking employee behavior to small financial incentives and much bigger penalties.
The company could face far bigger penalties in court, where lawyers say they think Toyota could be forced to pay damages of about $3 billion if they prevail.
Or what if the House insisted on bigger penalties for hospitals that don't do enough to prevent hospital-borne infections?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com