Earlier this month, on November 2, New York Attorney General Eric T. Schneiderman announced that he was working with New York state legislators to introduce comprehensive new legislation to address data breaches and data privacy.
After pointing to the Equifax breach as the impetus of the legislation, the Attorney General’s Office also explained that it had received over 1,300 data breach notifications in 2016, affecting 1.6 million New Yorkers. To address these issues, the proposed Stop Hacks and Improve Electronic Data Security (SHIELD) Act would require companies to take steps to protect private information, broadens the type of private information covered, and increases potential penalties for failures to comply with the law. This post summarizes the key aspects of the proposed legislation, and compares it to other recently enacted data privacy legislation.
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