Category Archives: business trend

Lege TREND. Property Rights in Bitcoin. Read the Bill.

SF 0125 (WY | 2019) will allow crypto currency to have property rights outside third party storage.

What does this mean?

  •  Wyoming is the 1st US state to allow private ownership of cryptocurrency
  • Wyoming hopes blockchain and cyrptocurrency then partake in WY courts, business registrations
  • Wyoming becomes the Delaware or Nevada of cryptocurrency, as Deleware and Nevada are for traditional corporate filings

Bitcoinist | WYOMING BECOMES FIRST STATE TO GIVE BITCOIN OWNERS FULL PROPERTY RIGHTS

Sm…

Lege TREND. New Kid on the Block. Business Advocating for Data Privacy Fundamental Right.

Cisco is asking governmetns around the world to make data privacy a fundamental right.

The talking points:

  • Security: Assign responsibility to protect the confidentiality, integrity, availability, and resiliency of data;
  • Transparency: Explain how data is collected, used, transferred, and disclosed;
  • Accountability: Ensure governance for data under the entity’s stewardship, including a data protection team, applying a risk-based approach;
  • Innovation: Recognise multi-stakeholder-driven…

Lege TREND. Public Private Cyber WorkForce Exchange

WHAT: Cyber Security Exchange Act,”

Bipartisan? Yes, Senators Thune (R) & Klobuchar (D)

How does the Cyber security Exchange work?

  • create an exchange program between the federal government and private firms
  • to bring more cybersecurity expertise to the federal workforce
  • The program would allow for a 2 year tours of duty with the federal government

 

The Hill | Bipartisan bill would create public-private cyber workforce exchange

Anatomy of Lobbying FOR and AGAINST Data Privacy Legislation

After passing firs tin the nationa data privacy protection, to a GDPR level, here’s a roadmap of  the supporters and opponents :

  • Against/Changing the state level GDPR-like standards:
    • California Chamber of Commerce
      • $2.2 million coalition that tried to scuttle the ballot initiative
      •  $1.6 million in lobbying
    •  tech-backed Internet Association
      • $200,000 on lobbying
  • For the state level GDPR-standards:
    •  Common Sense Media
    • Electronic Frontier Foundation
    • Consumer advocates

Why…

LEge TREND. Workforce Development. Cyber Security. Association Lobbying. What does it look like?

Let’s take a peak at what the National Assocaition fo Realtors spent on cyber security lobbying in 20198?

  • $19million in spending on the last quarter on 2018 on cyber security lobbying
  • Including a bill For Small Business Development Centers to offer cyber security training
  • And a bill that would  strengthen data breach notification

Politico | Morning Cyber Security

Legal TREND. Health Care Data Breach Leads to All Employers have Duty to Protect Employee Data

Pennsylvania Supreme Court rules that all employers must exercise reasonable care to protect worker data.

How did they get there? A health care provider employee data breach led to a lawsuit. Lower courts sided with the employer that there was no data security requirements for employee records. The PA Supreme Court disagreed. 

Pittsburg Post Gazette | PA Supreme Court rules UPMC — and all employers — must protect workers’ data. Doing so is harder

New Report. Key to State Data Security is Procurement.

Why is procurement key?

  • Procurement contracts can set the tone for state data security standards

  • Telecom infratructure is key to data security

  • States should offensively say what the data standards are, rather than what cannot be done

  • Private-public cooperation is the key for leading global solutions

  • Strengthen cyber security workforces

  • Contracted cloud solutions can fill in when funding does not exist for state data security experts

 

The Kosciuszko Institute| CYBE…

Lege Trend. Data Broker Registries

Tim Cook (Apple) is recommending a Data Broker Registry.

What’s a data broker? they buy and sell data from third parties

So how would it work?

  • every consumer can opt into their data being collected or not
  • consumers would be able to remove their data from the registry
  • the FTC would house the registry and consumers could see what info is being collected and by whom

Why does this sound familiar? Because in 2018 informed:intel told you about the first in the nation data broker state law in VT,…

Lege Trend. Anatomy of a Strict Data Breach Notification State Bill.

  • 30 days to provide notification to consumers
  • Greater disclosures to consumers about data collected and where it is stored
  • Free credit freezes and unfreezes for a year
  • 4 years of credit monitoring- free
  • Applies Deceptive Trade Practices Act penalties to Businesses (these accrue daily and per incident)

Who is backing this bill: North Carolina  State Attorney General 

What impact does this have to businesses?

  • healthcare comapnies would see their notifcation timeline cut from 60 days to 30…

New hacking target: Construction Equipment

Anatomy of a white hacker on construction equipment:

  • Accessed 14 construction locations
  • hacked into devices that not only controlled:
    • cranes
    • excavators
    • scrapers
    • other large machinery

The solution: Move equipment away from “esoteric custom protocols” and to “modern, standardized tech” that can be easily upgraded for security

Forbes | Exclusive: Hackers Take Control Of Giant Construction Cranes