On March 21, 2020, the data security provisions of New York’s Stop Hacks and Improve Electronic Data Security Act went into effect. The SHIELD Act requires any person or business owning or licensing computerized data that includes the private information of a resident of New York to implement and maintain reasonable safeguards to protect the security, confidentiality and integrity of the private information.
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On August 28, 2018, plaintiffs filed a class action lawsuit against Nielsen Holdings PLC and some of its officers and directors for making allegedly materially false and misleading statements to investors about the impact of privacy regulations and third-party business partners’ privacy policies on the company’s revenues and earnings.
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