Auto Insurer Root Fined $975,000 Over Data Breach Impacting Thousands of New Yorkers When it comes to handling sensitive information, insurance companies shouldn’t just be crossing their fingers and hoping for the best. Root Insurance recently learned this lesson the hard way. The New York Attorney General’s Office imposed a stinging $975,000 fine on the auto insurer after a data breach compromised the personal information of 45,000 New Yorkers. Let’s unpack what this means for Root, the industry, and the road ahead. Regulatory Actions Hit Hard After Serious Breach New…
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Allstate’s $4 Billion Acquisition Comes with a Cybersecurity Crisis
New York Sues Allstate over Data Breach Failures A new lawsuit filed by New York Attorney General Letitia James has sparked renewed attention on the importance of cybersecurity, particularly in industries holding sensitive personal information. The case targets National General, a subsidiary of Allstate, accusing the company of failing to report a data breach and neglecting to implement reasonable safeguards to protect customer data. Here’s what we know so far and what it means for you. The Breach That Sparked the Lawsuit According to a recently published article on Reuters,…
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