New York Attorney General: Data Breaches Will Cost You

As the rate of international cyberattacks increases, it is essential that corporations that collect and store their customers' personal data keep it safe from breaches. But even large corporations can be slow to act in order to implement effective data protection. Recent enforcement actions reveal that New York is among the states leading the way in investigating and fining corporations for both actual and potential data breach situations. Within the past month alone, Attorney General Letitia James ("NYAG") secured monetary settlements and consent agreements from two large corporations who failed to maintain adequate administrative, technical and physical safeguards as required by New York law.