Tag: identity theft

45,000 Affected in Root Insurance Data Breach – NY Attorney General Takes Action

Angela Linders
Root Insurance Data Breach

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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From Trucks to Trains: Why Rail Theft Is the Fastest-Growing Cargo Crime

H. Cutner
Cargo crime

The Escalating Battle Against Cargo Theft in the U.S. Cargo theft is surging across the United States, posing a significant threat to supply chains, logistics companies, insurers, and consumers alike. Driven by organized crime and opportunistic criminals, this issue is causing losses of up to $35 billion annually. With the frequency and sophistication of thefts on the rise, experts project a steep 22% increase in incidents this year, underscoring the urgent need for stakeholders to address the problem collectively. The Rising Threat of Cargo Theft Cargo theft in the U.S.…

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Allstate’s $4 Billion Acquisition Comes with a Cybersecurity Crisis

Angela Linders
Allstate 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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Fraud and Scams That Can Easily Hit You or Your Family and How to Protect Yourselves

Guest Author

In a world with ever-changing and advancing technology, our habits and schedules regularly shift. The way we utilize that technology changes regularly, and often for the better. But, as technology shifts, so do various fraud and scam operations.  Thanks to generational gaps, fraud and scam techniques can affect anyone in your family, from your senior parents to your children. It’s crucial to be vigilant when it comes to both old and new “techniques” scammers like to use. Educating yourself and the people you love can make a big difference when…

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Unemployment insurance fraud spikes as identity theft rises in pandemic crisis

Nordstrom
Unemployment insurance fraud - woman's face - binary code

North Dakota is a clear example of this troubling trend throughout the first half of 2020. Identity theft has become much more prevalent during the pandemic crisis, leading to a tremendous surge in unemployment insurance fraud filings. Claims of identity theft have taken off during the first six months of 2020. The Consumer Protection Division of the North Dakota Attorney General’s Office has processed more claims relating to identity theft in the first half of this year than in any other complete year on record, said attorney Parrell Grossman, speaking…

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Allstate identity protection gets a boost with InfoArmor acquisition

Julie Campbell
Identity Protection - Face

The insurer is expanding its ability to cover consumers against growing ad increasingly common risks. The Allstate Corporation is upping its presence in identity protection with a new agreement for InfoArmor, Inc. acquisition. This deal gives the insurance company the opportunity to raise its potential within this market. Identity theft is a growing area of concern among consumers who want to protect themselves. InfoArmor is a leading employee identity protection provider. It currently protects over 1 million employees and the members of their families. It covers the workers at over…

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Identity theft insurance recommended for some Anthem customers

Julie Campbell
Identity Theft insurance

After the huge cyber attack that caused a data breach at the insurer, agents are recommending protection. At the end of last week, Anthem revealed that it had experienced a massive cyber attack in which up to 80 million customers may have had their sensitive information compromised, and now agents are recommending that identity theft insurance be purchased in order to protect against the type of damage that those cyber criminals could potentially inflict. The customers whose data was exposed in the hack could have their ID stolen, which could…

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