Are there any laws that require the reporting of computer incidents and vulnerabilities?
Yes, there are laws in New York that require the reporting of computer incidents and vulnerabilities. The New York State Information Security Breach and Notification Act requires all public and private entities to notify the state and affected individuals of any breach of computer security. In addition, the New York State Cyber Security Regulation requires that financial institutions and insurance companies must have a written policy that describes how they will respond to computer security incidents and that they have a vulnerability assessment program in place that examines their computer networks for weaknesses and threats. Furthermore, a new law, the New York State Data Security Breach Reporting Law, that was passed in 2018 requires any entity that possesses private consumer information, such as financial or medical data, to notify the state and affected consumers if that information is compromised. This law also requires entities to have a written data security program in place that includes policies and procedures for detecting and responding to computer security incidents. These laws not only provide necessary protection for consumers and businesses, but also help the state identify and respond to incidents more quickly. By reporting incidents and vulnerabilities, companies can prevent further damage from occurring. Furthermore, they can also help build awareness of computer security issues and the importance of keeping personal information secure.
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