GEICO Insurance Office.GEICO, Travelers to Pay NY $11.3M for Cybersecurity Breaches
A joint New York investigation uncovered deficiencies in auto insurance companies GEICO and The Travelers Indemnity Co.'s cybersecurity controls.
November 25, 2024 at 07:10 PM
2 minute read
What You Need to Know
- GEICO and The Travelers Indemnity Co. agreed to pay a combined $11.3 million in state penalties for data-security breaches.
- GEICO will pay $9.75 million in penalties and Travelers will pay $1.55 million.
- Attorney General Letitia James and Department of Financial Services Superintendent Adrienne A. Harris joined the Department of Labor to conduct an investigation of the cyberattacks.
Auto insurance companies GEICO and The Travelers Indemnity Co. agreed to pay a combined $11.3 million in state penalties for data-security breaches that resulted in a compromise of more than 120,000 New Yorkers’ personal information, multiple state agencies said on Monday.
GEICO—the Government Employees Insurance Company—will pay $9.75 million in penalties and Travelers will pay $1.55 million, said New York Attorney General Letitia James and Department of Financial Services Superintendent Adrienne A. Harris, whose offices joined the state Department of Labor in the multi-agency probe.
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