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Credit unions that don’t have sufficient bring your own device policies have put themselves at a high legal risk, according to attorney Michael D. Lozoff, partner at Shutts & Bowen in Miami.

“In general, unfortunately, the technology is still running ahead of the ability of some of these institutions to keep up with policies that they should have,” said Lozoff, who chairs the law firm’s credit union practice group. “We run into all kinds of questions that sometimes surprise us to the extent that the institutions have not addressed something as basic as BYOD.”

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Peter Strozniak

Credit Union Times

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