NY's Novel Data Security Proposal Likely To Have Wide Appeal

Law360, New York (January 27, 2015, 2:20 PM EST) -- New York's attorney general recently floated legislation that would allow companies that implement heightened data security standards to dodge class actions and other liabilities that arise from data breaches — a novel approach that, if adopted, would give companies a stronger stance against hackers and could inspire other states to follow suit.

Just days after the White House unveiled a proposal to establish a federal breach reporting standard, Attorney General Eric Schneiderman reinforced the active role of states in regulating consumer privacy by releasing his own...
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