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Stock impact report

Geico And Travelers Fined 11.3 Million For Data Breaches Exposing 120,000 [Forbes]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Forbes
In a significant enforcement move, New York's Attorney General Letitia James has fined insurance giants Geico and Travelers Indemnity Company a combined $11.3 million for data breaches that exposed the personal information of over 120,000 individuals during the COVID-19 pandemic. The penalties, announced by the New York Department of Financial Services, or DFS, highlight critical failures in both companies' cybersecurity measures, with vulnerabilities exploited to steal sensitive data such as driver's license numbers and personal details. The data breaches at Geico and Travelers revealed security gaps that, while common in cyberattacks, highlight areas where stronger measures could have mitigated the risk. Geico Data Breach: Quoting Tool Exploited By Credential Stuffing Geico's breach stemmed from vulnerabilities in its online quoting tool, a system designed to simplify the customer experience by providing quick insurance quotes. Between 2020 and 2021, attackers exploited the t Show less Read more
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