Geico and Travelers Fined $11M for Epic Data Breach Blunders in New York
Geico and Travelers are paying $11 million in fines for data breaches affecting over 120,000 individuals. Geico’s quoting tools were hacked, compromising 116,000 New Yorkers’ data, while Travelers’ agent portal breach impacted 4,000. Both companies failed to secure customer information, now pledging to improve cybersecurity.
Hot Take:
When it comes to data security, it seems Geico and Travelers took the scenic route instead of the express lane! Both companies learned the hard way that ignoring cyber warnings is like ignoring your check engine light—eventually, you’ll come to a screeching halt, and it’ll cost you big time.
Key Points:
- Geico and Travelers fined $11 million total for data breaches impacting over 120,000 individuals.
- Geico’s quoting tools were compromised, leading to theft of driver’s license numbers.
- Travelers’ agent portal lacked multi-factor authentication, exposing personal data.
- Breaches resulted in unauthorized unemployment claims during the pandemic.
- Both companies agreed to enhance cybersecurity practices as part of the settlement.
Already a member? Log in here