Estimated reading time: 0 minutes, 31 seconds

New York Watchdog Cautions About 'Widespread Cybercrime'

The New York State Department of Financial Services has warned insurance companies that it’s tracking a “widespread cybercrime campaign” in which hackers are pilfering COVID-19 relief. So reports Law360.

covid 19 4922384 640smallThe regulator said in a press release that it has heard of efforts to access consumers’ sensitive information from sites that provide auto insurance rate quotes and then use that to apply for fraudulent pandemic and unemployment benefits.

A cyber fraud alert from the agency to the insurance industry reads, “DFS urges all regulated entities with Instant Quote Websites to immediately review those websites for evidence of hacking.”

Read the full article from Law360.

Read 1890 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.