How Your Business Will Be Impacted By The New York Shield Act

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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.

2
Does the SHIELD Act apply to your organization?

• The jurisdiction of the SHIELD Act is
  wide-ranging, as its applicable to all
  corporations holding New York resident data. This
  entails its 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.

3
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 include illegal access along with
  acquisition and report to New York regulators
  in the event a violation happens. Secondly, your
  organization needs to execute safeguards to give
  protection to the confidentiality, security and
  reliability of private info.

4

• While the Shield Act doesnt authenticate exact
  requirements, it lists different practices that
  measure sensible technical, administrative and
  physical safeguards. For each safeguard, the
  Shield Act suggests actions an organization
  should consider executing.

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• New York, NY 10001
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