The New York State Department of Financial Services (NYDFS) has taken several steps in response to the COVID-19 pandemic. On March 12, NYDFS released a compliance order and a series of guidance letters extending certain deadlines and requesting that organizations…
How Organizations Should Get Ready for the New York SHIELD Act In the absence of comprehensive federal data protection privacy standards, states are taking matters into their own hands by passing legislation to protect the private information that companies acquire…
The idea that consumers own their private financial information can be traced to an early 1970s California state constitutional amendment adding ‘privacy’ to guarantees of life, liberty, and other inalienable rights. While financial privacy is not explicitly mentioned in this…
Two new privacy protection laws were signed into law by New York Governor Andrew Cuomo on July 25, 2019. (NY State Law S.5575B/A.5635 - or SHIELD Act - “Imposes Stronger Obligations on Businesses Handling Private Customer Data to Provide Proper…
