Tech & Sourcing @ Morgan Lewis

TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS

The Stop Hacks and Improve Electronic Data Security (SHIELD) Act was signed into New York law by Governor Andrew Cuomo on July 25, after passing the New York State Assembly on June 17. The SHIELD Act takes effect on March 21, 2020, and will modernize New York’s current laws governing data breach notification and data security requirements with the intention of providing greater protection for consumer's private information, while holding companies accountable for providing such protections.

As lawmakers, policymakers, tech companies, and other data collectors try to determine how much access and control of consumer data is appropriate or acceptable, and how much notice and choice consumers should have, consumers will ultimately be the arbiter of such access and use.

Executive Order 13873 was issued on May 15 with the goal of “Securing the Information and Communications Technology and Services Supply Chain.”