The Shield Act How it Will Affect NYS Businesses
As we want our readers to be proactive in protecting against breaches, one of the ways to do just that is to be proactive with new regulations. The Stop Hacks and Improve Electronics Data Security Act (S.h.i.e.l.d. Act) acts to amend the general business law and the state technology law, in relation to notification of a security breach” NYS Senate. This act, currently in the NYS Senate Finance Committee, seeks to implement GDPR like regulations throughout NYS.
Below we break down some key points of what to expect from the S.h.i.e.l.d. Act and look forward to diving deeper in our upcoming presentation.
What is the S.h.i.e.l.d. Act?
As it was first introduced in 2017 following the Equifax breach by former New York Attorney General Eric Schneiderman, the act looks to expand what Personally Identifiable Information (PII) is included in the data breach notification law as well as update data breach notification requirements. One of the key aspects of the act increases the cap for data breach fines by $100,000!
How will it affect my business?
Now, more than ever, it is important to have the right processes and procedures in place to protect clients and your organization’s data. As just one breach can put an organization back millions of dollars! LACyber is here to assist our fellow businesses (especially small businesses) ensure you not only have proper policies in place but to also regularly test these processes to ensure they hold up when a data breach occurs.
With the number of Data breaches doubling during the past couple of years, the number of hacks is only going to continue to rise. Understanding the leading source of data breaches is also a major component as it has changed just in the past two years and being aware of the different ways a hack can occur will help prepare your organization.
For more information on the S.h.i.e.l.d. Act, we invite you to join us for our seminar a part of our Data Protection Regulation series which will take place on Oct 31st at 10:30 am. Join us either in person at 155 Great Arrow Ave or online. To join us online, please email, Kathryn at firstname.lastname@example.org
Lincoln Archives is the only family-owned NAID AAA Certified organization in WNY and includes the division of LACyber providing comprehensive Data Breach Defense Services. Lincoln Archives is proud to be a part of Lincoln Family of Companies serving the Western New York Community since 1914.
by Kathryn Turner