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(Reuters) -The New York Legal professional Common’s workplace fined automobile insurance coverage firm Geico $9.75 million on Monday for hacks that obtained private data on 116,000 drivers within the state.
The legal professional normal and state Division of Monetary Companies stated Geico and Vacationers (NYSE:TRV) Indemnity Firm violated state information safety guidelines by failing to implement insurance policies that will defend prospects’ data.
Each firms had been hacked throughout the COVID-19 pandemic, amid a wave of cyberattacks searching for data equivalent to drivers license numbers to be used in fraudulent unemployment claims, the businesses stated.
Vacationers can pay $1.55 million for a breach that uncovered data on round 4,000 individuals, the businesses stated.
The 2 firms agreed to take measures to enhance their cybersecurity practices.
A Geico spokesperson stated the corporate reported the breach to the state and that it has since put vital sources in direction of additional strengthening its cybersecurity.
A spokesperson for Vacationers didn’t instantly reply to a request for remark.
