Category Archives: legislative trend

Campaign & Lege TREND. Data Collection by Businesses. 1st Proposal in the Nation.

A ballot proposition in California would:

  • allow Californias to tell businesses not to sell their personal information
  • permit Californians lawsuits if  a business fails to implement reasonable security procedures and later suffered a data breach
  • creates a right to know for consumers to know when a business sells or discloses their information for a business purpose

Exception to the ballot proposal?

business that collect less than $50 million in annual revenue and meet certain other standards…

Lege Trend. Create a nonprofit + Partner with a Univeristy Law School = Legislative & Regulatory Recommendations

State: Vermont

Grid Security Partners:

  • Protect Our Power, an independent, nonprofit organization
  • The Institute for Energy and the Environment at Vermont Law School

Goal of Partnership: to make the grid more resistant to physical or cyber threats & to improve its ability to restore power quickly in the event of an attack

Outcome: offer regulatory and legislative proposals

Valley News | Vermont Law School Team to Research Electrical Grid Security

Business TREND. Insurance Market Support for Data Security Laws

Insurance market expected an increase in policies after the the EU passed GDPR, here’s waht happened:

  •  language in GDPR isn’t clear on whether insurance policies can cover the hefty fines of up to 20 million euros or 4% of global revenue.
    • language is unclear and clarification is up to local regulators
  • 90% of the cyber policy market is in the US
  • Analysts expect a pick up in the European share of cyber policies

Wall Street Journal | Why Europe’s Cyber Insurance Windfall Hasn’t Happened 

Campaign TREND. +1 State Moving to Regulate Bitcoin Campaign Contributions

State:  California

California Regulatory Agency: California Fair Political Practices Commission

Recommendation from the California Agency Legal Counsel: 

  • cryptocurrency contributions do not violate the state’s Political Reform Act
  • BUT, “could be significant difficulties in establishing the true source of bitcoin donors”
 

Lege TREND. How big are data security fines getting in legislation? 50x increases

Arizona’s recently passed,   HB 2154 (AZ | 2018)        , data breach reform bill increased data breach fines from $10,000 to $500,000 per breach.

The intent: the stick for the carrot of notifying consumers quickly

State Scoop | Arizona gets tough on businesses with new data breach reporting law 

Campaign TREND. Blockchain Voting App Test in West Virginia. 3 Key Points to be Informed.

State:  West Virginia

The blockchain voting pilot program:   secure military mobile voting in two counties

How does the blockcahin voting app work?

  • biometrics to verify voter identity
  • records the vote from the mobile device onto a “chain”
  • the vote is then verified by 3rd party

State Tech | West Virginia Pilots First Blockchain-Powered Federal Voting App 

Local TREND. Procurement Opportunity. Business Partner for Smart City Planning

 City: Kansas City, MO

What does its RFP want? 

  • Technology Partner to make it the smartest city in the country
  • The partnership will design & build:
    •  a “full integrated suite of sensors, networks and data and analytics platforms,”
    • built off its  current smart city network
    • 30-month construction period
    • develop a long-term strategic plan for the next 10 to 30 years

Gov Tech | Kansas City, Mo., Issues RFP for Smart City Partner 

Utility tokens. Bit Coin + Energy. 3 Bits informed intel:

  • Utility tokens are a hot commodity among bitcoin currencies
  • Why are utility tokens popular?
    • some think they offer legal protection from regulatory schemes
    • others think utility tokens are key to block chain’s future
  • Utlity tokens will most likely be regulated by the SEC and State Securities Boards

Texas Lawyer | Ready Player One? Avoid Getting Played on Utility Tokens