New York State has fined insurance giants Geico and Travelers a combined $11.3 million for data breaches that exposed 120,000 people.

The New York Attorney General's office fined car insurance company Geico $9.75 million on Monday for hacks that obtained personal information on 116,000 drivers in the state.

New York fines GEICO and Travelers $11.3 million for data security failings that affected over 120,000 people.

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GEICO, a subsidiary of Berkshire Hathaway Inc ., and Travelers Cos. Inc. have agreed to pay a combined $11.3 million in penalties following data breaches that exposed the personal information of over 120,000 New York residents.