On July 25, 2019, New York Governor Andrew Cuomo signed into law the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. The law boosts the protection of consumers’ private information and holds accountable any company that does business within New York State. Although federal and state protections of varying severity are already in existence, the New York law will have a broader impact due to the size of the state. Businesses should immediately begin the process to comply with the Act’s requirements effective March 21, 2020.
Read more about the new law and reasonable safeguard to prevent security breaches and fines from the SHIELD Act.