Mnuchin: Bitcoin firms subject to anti-laundering rules
Posted on Jan 12, 2018 in Cybersecurity, Government, Regulation | Comments Off on Mnuchin: Bitcoin firms subject to anti-laundering rules
Treasury Secretary Steven Mnuchin on Friday warned traders and firms offering services related to cryptocurrencies like bitcoin that anti-money-laundering and know-your-customer rules apply to them — and regulators are watching closely. Learn more.
Senators Warren and Warner Introduce Cybersecurity Bill Aimed at Consumer Reporting Agencies
Posted on Jan 10, 2018 in Cybersecurity, Government, Regulation | Comments Off on Senators Warren and Warner Introduce Cybersecurity Bill Aimed at Consumer Reporting Agencies
Senators Warren (D-Mass.) and Warner (D-Va.) introduced a bill today that would establish an Office of Cybersecurity at the FTC, charged with promulgating cybersecurity regulations and monitoring security of consumer reporting agencies, such as Equifax, require consumer reporting agencies to notify the FTC within 10 days of a breach, and impose strict liability penalties for breaches...
2017 Cybersecurity Litigation Year in Review and Forecasts
Posted on Jan 3, 2018 in Cybersecurity, Government, Insurance, Litigation | Comments Off on 2017 Cybersecurity Litigation Year in Review and Forecasts
Cyber-related litigation continues to be volatile, with 2017 witnessing several momentous developments including rulings on standing, the extent of insurance coverage, the fate of the Fourth Amendment’s third-party doctrine in the digital age, and the emerging standard of care for cybersecurity. At the same time, Europe is seeing its own tectonic shifts in how it handles data,...
NIST Releases Second Draft of Revised Cybersecurity Framework
Posted on Dec 22, 2017 in Cybersecurity | Comments Off on NIST Releases Second Draft of Revised Cybersecurity Framework
The ever-smartening supply chain presents increasing cybersecurity risks to companies, and the importance of internal assessments has never been greater. Accordingly, the National Institute of Standards and Technology (NIST) has released the second draft of Version 1.1 of the “Framework for Improving Critical Infrastructure Cybersecurity” for public comment. NIST provides valuable...
Triton Malware Shuts Down Industrial Plant
Posted on Dec 17, 2017 in Cybersecurity | Comments Off on Triton Malware Shuts Down Industrial Plant
Cybersecurity experts at FireEye have issued a warning after a recent hacker attack caused “operational disruption to critical infrastructure” at an unnamed industrial plant. The hackers introduced a malware program that FireEye is calling “Triton” into the security system, likely in preparation for a larger attack. Learn more.
The High Stakes, High Seas Cyber Peril
Posted on Dec 12, 2017 in Cybersecurity, Litigation | Comments Off on The High Stakes, High Seas Cyber Peril
Those who work in shipping are accustomed to the perils of the high seas, whether from storms, pirates, floods or fires. But now, a new danger is lurking—the possibility of a cyberattack. Despite the growing prevalence and severity of cyberattacks across industries, the shipping industry as a whole has been slow to react, and many are less than optimally prepared. When it comes to...
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