New York Slaps GEICO and Travelers with $11M Fine for Epic Data Breach Blunders
Cybersecurity failings led to breaches at GEICO and Travelers, exposing sensitive data of over 120,000 New Yorkers. Result? An $11.3 million settlement and a stern reminder: When it comes to data protection, don’t just ‘quote’ security, enforce it!
Hot Take:
Looks like Santa isn’t the only one making a list and checking it twice! In this tangled web of car insurance capers, GEICO and Travelers might want to double-check their cyber sleighs before they dash away with any more sensitive data. $11.3 million is a costly reminder that the Grinch isn’t the only one who can swipe Christmas—and personal information—right out from under your nose!
Key Points:
- New York secured an $11.3 million settlement from GEICO and Travelers over data breaches affecting 120,000 citizens.
- Poor cybersecurity practices were blamed for the breaches, which exposed sensitive personal information.
- GEICO and Travelers have been fined $9.75 million and $1.55 million, respectively, and must improve their data security measures.
- GEICO’s failure to secure its quoting tools led to the exposure of 116,000 residents’ data.
- Travelers’ breach went undetected for seven months, exposing 4000 residents’ data due to inadequate security controls.
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