Earlier this month, Utah’s legislature passed SB 142, the App Store Accountability Act (the “Act”), which requires app stores to impose age verification measures on app downloads. The Act, which as of publication of this article is currently awaiting Gov. Spencer Cox’s signature, pits social media companies against app store providers, such […]
Technology & Intellectual Property Update
Cybersecurity Threats: Identity Attacks and Non-malicious Software
Cybersecurity threats have become even harder to detect and prevent in 2024 according to the latest report from Crowdstrike.[1] Among the latest findings: Threat actors can move laterally across a system in under one (1) minute after gaining access to the network; Voice solicitation, or “vishing”, attacks are up over […]
New Developments in the CTA: FinCEN and the U.S. Department of the Treasury Offer Temporary Compliance Relief
On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, or enforcement actions against any companies for failing to file or update beneficial ownership information (BOI) reports required under the Corporate Transparency Act (CTA) by the current deadline of March 21, 2025. […]
Fintech and Payments 2025 – Predictions for the Year Ahead
Nobody would ever accuse the life of a fintech and payments compliance specialist to be dull. The last few months of 2024 certainly lived up to this standard. The end of the year saw flurry of rulemakings and moves by banking and fintech regulators trying to clean house before the […]
Continuing Scrutiny on Data Brokers
Over the last year we have seen increased focus on regulating data brokers – those entities that sell personal information of individuals with whom they do not have a direct business relationship. The FTC is continuing this push with a recent consent agreement. Last month, the FTC finalized a Consent […]