NJ Focused Risk

New Jersey Focused Risk Management

How Proactive Risk’s MAX Platform Helps You Stay Compliant

1. New Jersey Consumer Fraud Act (CFA)

Jurisdiction: New Jersey
Overview: This core consumer protection law holds businesses liable for fraudulent or misleading practices—even when conducted by their third-party vendors.
Vendor Risk Implication: If a vendor misrepresents products/services or engages in fraud, your organization could be held accountable.
Proactive Risk Solution: Through continuous third-party monitoring and risk scoring, MAX helps organizations vet and track vendor behavior to avoid violations of the CFA.

2. Data Breach Notification Law (N.J.S.A. 56:8-161)

Jurisdiction: New Jersey
Overview: Requires timely notification to affected individuals when personal data is compromised—whether by the organization or its vendors.
Vendor Risk Implication: Vendors managing sensitive data must have breach-prevention controls in place, and incident response procedures must be clearly defined.
Proactive Risk Solution: MAX includes real-time cyber risk intelligence and contract management support to enforce data security and breach notification clauses in vendor agreements.

3. New Jersey Cybersecurity Regulations (N.J.A.C. 17:1-1.1 et seq.)

Jurisdiction: New Jersey state agencies & some private sectors
Overview: Requires contractors and vendors interacting with state IT infrastructure to comply with defined cybersecurity standards.
Vendor Risk Implication: Vendors must demonstrate compliance to minimize exposure to state systems.
Proactive Risk Solution: Proactive Risk’s MAX platform monitors vendor cybersecurity hygiene and ensures compliance with regulatory frameworks tied to public sector engagements.

4. NJ Statewide Health Information Technology (HIT) Exchange

Jurisdiction: Healthcare entities in NJ
Overview: Mandates compliance with state and federal (e.g., HIPAA) standards when handling patient data, including third-party providers.
Vendor Risk Implication: Health data shared with vendors must be secured under HIPAA-aligned practices.
Proactive Risk Solution: MAX supports healthcare organizations in conducting third-party risk assessments and implementing controls aligned with NJ-HIT and HIPAA standards.

5. DOBI Cybersecurity Regulations (Financial Sector)

Jurisdiction: NJ financial institutions
Overview: Requires firms to assess vendor security practices and include cybersecurity obligations in third-party contracts.
Vendor Risk Implication: Financial organizations must ensure vendors have robust cybersecurity and breach response capabilities.
Proactive Risk Solution: MAX provides cyber risk scoring, continuous vendor assessments, and breach preparedness tools to meet DOBI regulatory expectations.

6. Personal Information Protection Act (PIPA)

Jurisdiction: New Jersey
Overview: Requires organizations to implement security measures for protecting personal information, including when managed by vendors.
Vendor Risk Implication: Vendors must meet security standards to protect data like SSNs and financial information.
Proactive Risk Solution: With MAX, organizations can track vendor compliance with privacy protocols and automate enforcement of security standards in third-party relationships.

7. Identity Theft Prevention Act

Jurisdiction: New Jersey
Overview: Aims to protect personal data from misuse and identity theft, including through vendor channels.
Vendor Risk Implication: Businesses must evaluate vendors for identity theft mitigation and data protection protocols.
Proactive Risk Solution: MAX enables pre-contract due diligence, ongoing monitoring, and proactive alerts on vendor behaviors that may put consumer data at risk.

8. Insurance Cybersecurity Regulations

Jurisdiction: NJ Insurance sector
Overview: Enforces cybersecurity controls for insurers and their vendors handling customer data.
Vendor Risk Implication: Insurers are required to conduct regular third-party cybersecurity assessments and maintain breach readiness.
Proactive Risk Solution: MAX automates these assessments, tracks compliance over time, and enables breach simulation and response planning for insurance providers.

Why Use MAX from Proactive Risk?

Proactive Risk helps you move from reactive compliance to proactive protection