Data Breach Notifications on the Rise
New York Attorney General Eric Schneiderman announced last week that data breach alerts have increased 40% compared to last year in New York alone.
Part of the growth is due to the New York State Information Security Breach & Notification Act regulations, which require companies and consumers to notify Schneiderman’s office of any breach.
Due to the increased volume, the New York Attorney General now allows companies to file electronically through its website.
“Data breaches are an escalating threat to our personal and national security, and companies need to do more to ensure reasonable security practices and best standards are in place to protect our most sensitive information,” said Schneiderman. “I am committed to stemming the data breach tide. Making notification to my office easier for companies who have experienced a data breach means quicker notification and quicker resolution for New York’s consumers.”
The state Attorney General’s office reported receiving 459 data breach notices from January 1, 2016 through May 2, 2016. They only received 327 reports through that same period last year. In 2015, the office received a total of 809 breaches, and Schneiderman believes his office will receive “well over 1,000 notices” this year, which would would set a record.
Schneiderman’s legislation is intended to make it easier to track data breaches, and he ultimately hopes that this bill will broaden the amount of consumer data that companies must protect.
This entry was posted in Credit Card News and tagged online security , data breaches , identity theft , credit card theft , hack attacks , Eric Schneiderman , New York data breaches , New York hacks , data breach notices , Information Security Breach & Notification Act
The information contained within this article was accurate as of May 9, 2016. For up-to-date
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