How Your Business Will Be Impacted By The New York Shield Act
The act was signed into law by the governor in July 2019. However, the new data security necessities came into effect on March 21, 2020, with limited ordeal amidst a global epidemic. But the security requirements of Shield Act New York have drastic impact – especially their reach to non-New York businesses that hold New York resident data. Does the SHIELD Act apply to your organization? The jurisdiction of the SHIELD Act is wide-ranging, as it’s applicable to all corporations holding New York resident data. This entails it’s not only meant for New York corporations, but to any business or person who owns or licenses computerized data which encompasses private info of a New York resident. The former version of SHIELD was limited to those firms that do business in New York. How can the act impact your company? The impact of the Shield Act New York is multiple. First of all, your organization must reveal data infringements – as mentioned under the act to in...