Florida CyberTech Blog

Today, FINRA fined 12 firms $14.4 million for failing to maintain millions of electronic records in “write once, read many” (WORM) format. FINRA’s recent flurry of enforcement activity is a clear signal that regulators will amplify their focus on firms to ensure the safeguarding of confidential customer data and the...Read More

On December 2, 2016, the Office of the Comptroller of the Currency announced that it will be moving forward with considering applications from financial technology (fintechs) companies to become special purpose national banks. Jennifer Newton explains what this decision means for fintechs.Read More

The ability of internet service providers to track what consumers do online will become more difficult in the years ahead. On October 27, 2016, the Federal Communications Commission (“FCC”) delivered a major victory to internet privacy by adopting new privacy and data security rules that will require...Read More

The New York Department of Financial Services (the “DFS”) recently announced a wide-reaching proposed cybersecurity regulation for the financial services industry (the “Proposed Regulation”). The Proposed Regulation generally would apply to any institution supervised by the DFS, which ranges from...Read More

This year, FINRA issued its 2016 Regulatory and Examination Priorities Letter and announced that it would review firms’ approaches to cybersecurity risk management. FINRA will undoubtedly raise intensity on cybersecurity compliance, likely resulting in increased disciplinary actions and sanctions for violations of...Read More

Companies that do business with health care providers may be subject to the HITECH Act and the potential civil and criminal penalties that may be imposed under the Act. In order to avoid and/or mitigate those penalties, it is imperative that companies understand the requirements of the HITECH Act and tailor their policies and...Read More

Marketing to children on the Internet can be fraught with legal peril. That’s what two app developers found out when the Federal Trade Commission (FTC) accused them of allowing third-party advertisers to collect personal information from kids. The enforcement actions against LAI Systems, LLC and Retro Dreamer are the...Read More

Shutts & Bowen is pleased to announce the launch of the Florida CyberTech Blog, where we will cover significant developments and provide practical guidance in the cybersecurity and technology space.Read More