Lege TREND. Cost of a Populous State Election Security Bill

The fund allocations from California’s 2018 election security legislation:

  • Federal Funds: $34.5 million
  • 57.9%, $20 million, goes to voter implementation at the county level
  • 11.58%, $4 million goes to VoteCal statewide system updates
  • 13.16%, $4.45 million goes to county voter cyber security
  • 8.69%, $3 million, goes to cybersecurity training for counties
  • 4.53%, $1.56 million, polling place accessibility
  • 2.98%, $1.03 million, personnel costs
  • 1.16%, $400,000, election auditing

KCRA…

Lege TREND. Anatomy of an Election Data Security Veto

State: Illinois

Vetoed legislation: SB 2273 (IL | 2018)  limiting Illinois to participating in 1 interstate voter database system

3 Reasons given for the veto:

  • combat voter fraud by “participation in programs that allow cross-referencing voter information from various states to identify where individuals are and are not eligible to vote”
  • limiting Illinois to one voter fraud program creates inefficiencies and gaps in knowledge
  • limiting the number of the programs for IL to use is not the…

Regulatory TREND. 5 Activities Requiring BITLICENSE in NY

NY Department of Financial Services requires a bitLicense for any of the following acitivities:

  • Virtual currency transmission
  • Storing, holding, or maintaining custody or control of virtual currency on behalf of others
  • Buying and selling virtual currency as a customer business
  • Performing exchange services as a customer business
  • Controlling, administering, or issuing a virtual currency
     

BitLegal | The New York Department of Financial Services (NYDFS), grants a virtual currency (VC) license…

Lege Trend. States Regulating BOTS. Especially BOTS attacking Bill Author Legislation.

State: California

The legislation: SB 1001 (CA | 2018)

What would the bill do? Require automated social media accounts (BOTS) to identify themselves as bots

What’s an example of BOT use? The California Seantor filed a bill on bail reform and hundreds of ots attacked with social media posts like ” “Unconstitutional bail reform doesn’t work and is racist.”

Supporters:

Opponents:

  • Electronic Frontier Foundation

Somewhere in the middle:

  • Allen…

Local Government TREND. Hiring CIOs and CDOs

Chief Information Officers and Chief Data Officers are on the rise for local governments.

What does a Chief Data Officer do? In Cook County, IL the job description is:

  • “organizational governance and policy directives around data usage,”
  • ensuring proper accessibility standards for data

  • evidence-based decision making

  • innovative projects 

  • oversee a communications technology team

  •  holding a leadership position on a Data Governance Council charged with “applying the precepts…

3 Reasons Economists Say Bitcoin Fails Under Regulation

Economist say regulation will kill bitcoin because:

  • bitcoin has no intrinsic value and price volatility
  • the government will regulatue anonymous transactions
  • bitcoin inherently “contradicts the idea of creating “a transparent banking system.”

CoinTelegraph | Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation

+1 State Requiring Cybersecurity for Insurance Licensees

State: South Carolina

The Legislation: House Bill 4655 (2017-2018 | SC). South Carolina Insurance Data Security Act

Requirements for South Carolina Insurance Licensees: 

  • insurers tmust “develop, implement, and maintain a comprehensive information security program” for their customers’ data
  • based on model law with 3 steps and a 1/1/2019 effective date:
    • prevent breaches
    • detect unwelcomed access to data
    • remediate after a breach
  • including 3rd party oversight, with a 7/1/20 effective…

+1 State Legislature Passes Blockchain Legislation. 2 Points to the Legislation to Pave a Way for Blockcahin transactions.

Ohio Legislature passed SB220 (2018 | OH)  which addess blockahin by adding to the definition of electronic transactions.

The new definition of “electronic record”  & “electronic signature” to  include blockchain-based transactions.

Cleveland | Ohio legislature passes blockchain legislation

Regulatory TREND. Higher State Regulations for Credit Reporting Agencies. 8 states.

  • NY rules will require credit reporting agencies to comply with the state’s Department of Financial Services cybersecurity standards
  • An agreement between Equifax & 8 State Financial regulators will allow the states to:
    • impose punitive damages against Equifax
    • conduct annual  security audits 
    • develop written data protection policies and guides
    • monitor outside technology vendors
    • improve software patch management controls
  • The states:
    • Alabama
    • California
    • Georgia
    • Maine
    • Massachusett…