Negligence

Encryption is the method of converting a plaintext into a cipher text so that only the authorized parties can decrypt the information and no third parties can tamper with the data. Unencrypted usually refers to data or information that is stored unprotected, without any encryption. Encryption is an important way for individuals and companies to protect sensitive information from hacking. For example, websites that transmit credit card and bank account numbers encrypt this information to prevent identity theft and fraud.

Learn what the Investigatory Powers Act is, why it matters, and how it impacts data security, privacy, and compliance

NYDFS is an acronym for the New York Department of Financial Services.