- 7 states have enacted blockchain bills
- Arizona, Delaware, Illinois, Nevada, Tennessee, Vermont, and Wyoming
- 8 States have amended wire transfer satutes to account for lockchain
- $2.4 Billion in venture capital invested in blockchain since 2012
- $120,000 to $150,000 average salary for a blockchain company employee
- 19 states considering lockcahin bills in 2018
- Including: Hawaii, New York, Colorado, Nebraska, Vermont, Virginia, Florida, Maryland, and North Dakota
Monthly Archives: April 2018
Editorial Prioritizes Cyber Security Over Border Security. 2 Key Supporter Arguments.
- Trump administration has elevated U.S. Cyber Command to a unified combatant command
- The internet is a critically weak link for the U.S.’s military
- “Adm. Michael Rogers, the head of Cyber Command, recently told Congress he needs $647 million to build the cyber mission force and conduct cyber operations”
Richmond Times Dispatch | Editorial: Cyber security is far more critical than border security
What's been the legislative & regulatory responses to Atlanta's ransomware attack?
Atlanta’s city services recently experienced a ransomware attack, the responses include:
- Calls for more transparency for utilities about their cybersecurity to “keep consumers aware of the threats and their frequency”
- Because electricity is a security issue, the market cannot resolve the issue & the government must act
- FERC is beefing up mandatory reporting requirements
Eagle Tribune Opinion | Utilities should be more transparent about cybersecurity
Lege Trend. Anatomy of a Statewide Net Neutrality Bill in the Mayflower State that also limits ISP data collection
Massachusetts Legislature is moving a net neutrality bill, S2376, that will:
- create a central registry of internet service providers
- require net nuetrality in government contracts
- prohibit ISPs from collecting, using or sharing a consumer’s personal data without their consent
- State rules would be developed by the state Department of Telecommunications and Cable
- Requires ISPs to make the same disclosures to state regulatators that ISPs make to the FCC
- An assessment on ISPs would be levied…
Lege Trend. What triggers a notification? How does that standard impact a business liability?
Draft Federal legislation will require notification of breach if and only if a business determines:
- “a reasonable risk that the breach of data security has resulted in identity theft, fraud or economic loss”
Why does this specific statuory draft langauge matter? Courts are split on whether a business is liable when a data breach hasn’t resulted in actual fraud or economic loss, which means the language sets up a liability threshold.
5 best practices. Business & Government Cooperation for Data Security from US Businesses
The US Chamber of Commerce has a new White Paper supporting business-government partnerships for data security.
The 5 best practices recommended:
- Cultivate trusted and bi-directional relationships with law enforcement and prosecutors
- Join a cyber information sharing organization
- Implement and Update cyber incident response plans
- Loop in legal counsel to keep counsel up to date on business’ cyber plans and resources
- Actively contact law enforcement during incident response for suspected…