Governor Kathy Hochul's veto on the Financial App Security Act raises concerns about user protection in light of recent crimes targeting gay men through peer-to-peer money transfer apps.
State Senator Brad Hoylman-Sigal expressed frustration over the veto, indicating that the proposed security features were essential to prevent future robberies and ensure user safety.
The vetoed legislation aimed to mandate the implementation of enhanced security features in money-sharing apps, a necessary precaution against rising violence towards vulnerable communities.
Brad Hoylman-Sigal and Grace Lee's initiative highlighted the loophole in app security that made it easier for attackers to exploit unsuspecting victims, emphasizing the urgent need for legal action.
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