What is happening? For 12 years in a row healthcare data breaches have been the costliest. Since 2020 costs are up 20% and in year over year terms, the average cost is up $1M to $10.1 million. Why is this important? The 2nd costliest industry for data breaches is finance and its average annual cost […]
Monthly Archives: August 2022
Cybersecurity for Food, Agriculture, Water
What is happening? California is considering SB892 (2022 | CA) that requires California’s Office of Emergency Management to “develop, propose and adopt optional reporting requirements” for food and agriculture industry entities and cooperatives and water/wastewater systems. Why is this important? Emergency Management Services will provide a “strategic, multiyear outreach plan” to help these organizations boost […]
Do Crypto Miners Register?
What is happening? Texas Comptroller’s Fiscal Note for August 2022 highlights crypto mining. Turns out there is no way to know how many crypto mining operations are up and running in Texas because there is no registration requirement. Why is this important? Crypto it is said is looking for 3 things: electricity availability, electricity rates, […]
30% States in join Joint Cybersecurity Operations Command Center
What is happening? By the end of 2022, 30% of states will join the Joint-Cybersecurity Operations Command Center. The Center was founded in North Dakota. 20% of states are currently members of the Center that facilitates interstate cooperation on cybersecurity and threat intelligence. Why is this important? “If one state is being attacked, the others […]
New EU Crypto Regulator
What is happening? The EU has created a new regulatory position, it will “create a sixth “Anti-Money Laundering Authority” (AMLD6) that will be specifically responsible for regulating the cryptocurrency industry.” Why is this important? AMLD6 will have direct control over the crypto market. It is described by the EU parliament as ““EU-level supervision consisting of […]
iGaming = $6.35Billion in Tax Revenue
What is happening? VIXIO, a regulatory intelligence firm, estimates that if every state that has land based casinos or mobile sports betting adopted gaming the annual tax revenue would be $6.35 billion. Why is this important? Huge untapped market. States could access billions in tax revenue. How will this be important? Annual iGaming revenue from […]
New Tech Related Crime: “SWATing”
What is happening? Twitch users are reporting that SWATing, or swatting, calling in a fake crime to cause SWAT to enter a home of a gaming or social media person with the intent to harass them. Why is this important? As a LGBTQ twitch streamer noted when she was SWATed, her life was in danger. […]
Facial Recognition at TX School Districts?
What is happening? The Texas Attorney General will be issuing an opinion on whether school districts can to contract with a vendor for security services for services that include facial recognition software. Why is this important? Texas Business and Commerce Code chapter 305 has limits on biometric data- from back in the early 2000s when […]
DEI in Crypto?
What is happening? The U.S. House Financial Services Committee wants Diversity, Equity & Inclusion data from cryptocurrency players. Why is this important? The Committee wants to ensure that the U.S. financial services system works for all. How will this be important? ” The committee has singled out 20 firms it believes to be the “largest […]
Regulators are looking for Crypto Exposure
What is happening? The Wall Street Journal reports that “Securities and Exchange Commission issued a proposal Wednesday that would require large hedge funds to report their cryptocurrency exposure through a confidential filing known as Form PF.” Why is this important? Crypto is not heavily regulated and now we’re seeing a scramble for regulation and oversight. […]