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New York state has penalized two auto insurance giants for failing to secure customer data.Geico and Travelers will pay a combined $11.3 million in penalties for having poor data security, which allowed more than 120,000 New Yorkers information to be compromised, the New York Department of Financial Services NYDFS stanley germany announced Monday Nov. 25 .The settlement follows an investigation by the NYDFS that found that the companies had failed to comply with its cybersecurity regulation, and one by the New York State Attorney General which included the insurers failing to implement proper data security controls.Geico, which had 116,000 customers from New York exposed in the attacks, will pay the bulk of the penalties, at $9.75 million. Travelers, which had 4,000 customers exposed, will pay $1.55 million, the NYDFS said.According to the NYDFS, the data breaches were part of an industry-wide hacking campaign that tried to steal consumers personal information.Geico suffered a series of breaches beginning in November 2020, the department said, and failed to conduct a comprehensive review of its systems to prevent and detect future cyberattacks, despite being warned by DFS of the cyberattack campaign. GEICO is pleased to have resolved this matter with the New York State Department of Fina stanley canada ncial Services and the New York State Attorney stanley mugs General, the company said in a statement provided to PYMNTS. When this issue was identified, GEICO self-reported it to New York State officials and the Usey Rogue Spending, Legacy ERP Top Challenges To Procurement Visibility
Vendors efforts to provide businesses with an efficient experience regardless of where or how they shop is creating greater importance in having strong omnichannel support, especially with regard to product availability. Sellers are having to enhance their focus on supply-chain management and make other adjustments necessary to accommodate customer expectations.Indeed, with businesses now able to shop from virtually anywhere, be it in stores or online via a PC, smartphone or tablet, selle stanley quencher rs are having to be more prepared to deal with stocking and other issues to make certain they have items relative to businesses needs ready to ship when ordered, or available for pick up within a nearby store for an online order. Equally important is for stanley polska buyers ability to return items efficiently, even if that means taking a purchased product to store 聽different from the one where it was bought.A recent Logistics Viewpoints聽commentary noted how the demand-driven supply chain, or she stanley cup lf-level collaboration, plays a role in helping reinforce omnichannel supply-chain management. In the article, the author notes accordingly that, if a product is unavailable through the channel of choice, the customer may move on to another seller that can fulfill the order, resulting in lost sales, market share, and less customer loyalty. While many brick-and-mortar [sellers] are seeing quickly growing revenues from eCommerce, and stagnant or declining same store sales as Walmart has been reporting in the U.S. ,