Extract from Ryan Bilbrey’s article “New York’s SHIELD Act”
Since I last wrote about New York’s Cybersecurity rules back in April, news reports of data breaches and major cyber events have shown no signs of slowing down. The City of Baltimore experienced a major ransomware attack from which it is still recovering. Capital One was breached by a hacker who gained access to over 100 million customer accounts and credit card applications. British Airways had a breach that exposed credit card information and logins for 500,000 customers.
In the meantime, New York has taken steps to protect the private data of its residents. The Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) was passed by the New York Legislature in July 2019 and was signed into law by Governor Andrew Cuomo on July 25, 2019.