FCC Plans $10 Million Cybersecurity Fine Against Two Telecoms

FCC Plans $10 Million Cybersecurity Fine Against Two Telecoms

On October 24, 2014, the Federal Communication Commission (“FCC”) took a big step into the cybersecurity regulatory space when it announced its intent to assess a $10 million fine against two telecoms, TerraCom and YourTel America (“Companies”), for failing to protect the privacy of personal information the Companies collected from consumers.