New York bill A01374 mandates businesses to provide identity theft prevention and mitigation services following a security breach, with exemptions.

New York Assembly bill A01374 amends the general business law to require certain businesses to offer identity theft prevention and mitigation services to New York residents if their social security numbers are disclosed in a security breach. These services include credit report monitoring and identity theft prevention and mitigation. The bill exempts businesses that can demonstrate financial hardship from this requirement. The act will take effect 180 days after becoming law, with necessary regulatory changes authorized immediately.

New York bill A01374 mandates businesses to provide identity theft prevention and mitigation services following a security breach, with exemptions.

New York Assembly bill A01374 amends the general business law to require certain businesses to offer identity theft prevention and mitigation services to New York residents if their social security numbers are disclosed in a security breach. These services include credit report monitoring and identity theft prevention and mitigation. The bill exempts businesses that can demonstrate financial hardship from this requirement. The act will take effect 180 days after becoming law, with necessary regulatory changes authorized immediately.