Bill > S05642

This bill enacts the New York Privacy Act, which requires companies to disclose their methods of de-identifying personal information, place special safeguards around data sharing, and allow consumers to obtain the names of all entities with whom their information is shared. The bill also creates a special account to fund a new Office of Privacy and Data Protection. The key provisions of the bill include: - Establishing a fiduciary duty for companies to secure personal data and act in the best interests of consumers. - Giving consumers rights to access, correct, delete, and download their personal data, and to opt out of data processing and targeted advertising. - Requiring companies to be transparent about their data collection and sharing practices. - Allocating liability among controllers and processors based on principles of comparative fault. - Authorizing the state Attorney General to enforce the law and allowing private rights of action for affected individuals. - Preempting any local laws regarding the processing of personal data.