What’s happening? Anchorage Digital won a DOJ contract to store and liquidate digital assets that federal law enforcement seizes following criminal investigations Why is this important? Anchorage Digital is also the 1st federally chartered bank for crypto How will this be important? This will also be an issue for state regulators and it’s super new. […]
Monthly Archives: August 2021
One to Watch: Delivery Service Legislation
What’s happening? NYC Council passed an ordinance requiring a delivery service to share customer service with restaurants. Council members say they are helping restaurants by passing this measure. Opponents say it is hasty and replete with unintended consequences. Why is this important? We’re relying more and more on delivery in this COVID world. How will […]
Data Security + EV Chargers. Meet the Flaw.
What’s happening? This week is was revealed that some EV chargers have a flaw that make them vulnerable to hackers. Why is this important? The security firm that identified the flaw says the flaw could have been exploited by a “malicious hacker to hijack user accounts, impede charging and even turn one of the chargers […]
No Punitive Damages. Data Breach Suit Legislation.
What’s happening? You know those states we’ve talked about that are providing liability protections for businesses that up their data security standards. The OH, UT, and CTs of the U.S.? Well, CT also removed the option of punitive damages. I’m pretty sure at least OH did too. Why is this important? More data breaches, more […]
Federal Infrastructure Bill Funds State & Local Cybersecurity.
What’s happening? The federal infrastructure bill has $1billion for state and local cybersecurity. It can be appropriated like this: 80% of funds must be sent to local entities by the state 25% reserved for rural areas There is also a $250 million grant program for rural and municipal utilities Both grant programs require a cybersecurity […]