Last week, the first part of a new state law went into effect that will have consequences for local consumers and businesses. The Stop Hacks and Improve Electronic Data Security (SHIELD) Act updates New York’s laws governing notification requirements, consumer data protection obligations, and broadens the Attorney General’s oversight regarding data breaches impacting New Yorkers.
“Data breaches remain a serious threat to any business that uses technology to handle customers’ private data, said Sen. Kevin Thomas, a Democrat from Long Island and a co-sponsor of the law. “The consequences of a data breach can be devastating for both the business and the consumer.”
While the most immediate impact of the SHIELD Act may be to hold huge companies accountable for the security of New Yorkers’ private information, the law also applies to businesses on Main Street, Elm Street and Clinton Street.
So, as a small local business, what do you need to know about the new law to ensure you’re in compliance?
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