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By Judith Bachman
States, including New York, are set to making sweeping updates to their cyber privacy laws which could impact local business owners in response to the rash of recent cybersecurity breaches. These laws impose cybersecurity obligations on most businesses and impose fines and liability for non-compliance.
The New York SHIELD Act, effective on March 21, 2020, already requires businesses of any size to take internal security measures to safeguard New Yorker’s digital “private information.” The law was designed to ensure that business built robust internal cyber infrastructure, including designating a security program coordinator, implementing a security program, and training employees. The penalty for non-compliance could range up to a fine of $250,000.