New York’s “SHIELD ACT” – A Reminder of The Importance of Having Cyber/Data-Breach Liability Insurance
The “SHIELD” Act compliance requires any business maintaining “…computerized data which includes private information of a resident of New York shall develop, implement and maintain reasonable safeguards to protect the security, confidentiality and integrity of the personal and private information including, but not limited to, disposal of data.”
“Private information” includes accessed/breached, or simply unencrypted and potentially exposed data, such as:Social Security Number; driver’s license number; account number, credit or debit card number (when accompanied by security code/password, etc.); bio-metric information (e.g., fingerprint from fingerprint time-clock); a user name or e-mail address in combination with a password or security question and answer that would permit access to an online account; or any unsecured protected health information.
This article by Levitt Fuirst Insurance is on page 2 of our newest issue of Impact.