(Reuters) – The New York Lawyer Basic’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:) Indemnity Firm violated state knowledge safety guidelines by failing to implement insurance policies that will defend clients’ data.
Each firms have been hacked throughout the COVID-19 pandemic, amid a wave of cyberattacks searching for data comparable 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 folks, the businesses stated.
The 2 firms agreed to take measures to enhance their cybersecurity practices.
