Category Archives: regulatory trend

New Report. New Cybersecurity Risk. Ports. 4 Key Points.

The report is by: maritime law firm Jones Walker LLP

What did the report find?

  • Hacks are happening at ports. 80% of large maritime industry companies (400+ employees) report cyber attack in the last year
  • Unprepared. 64% say their own companies are unprepared to handle the far-reaching business, financial, regulatory and public relations consequences of a data breach
    • 6% of small companies are prepared for a cyberattack (1-49 employees)
    • 19% of midsize companies are prepared (49-400…

Legal TREND. State Attorney General Recovers $6 M for state from Data Breach. WHO. WHAT. WHERE.

WHO has to pay $5.79 Million? Uber

WHAT is the $5.79 million settlement for?

  • a breach exposed personal information, including drivers licenses for 13,000 uber drivers
  • the company waited roughly 372 days to provide notice
  • failed to notify the state attorney general within the then required 45 days
  • $170 will be awarded to each driver

WHERE: Washington State

Washington State Attorney General Office | AG DATA BREACH REPORT FINDS 3.4 MILLION WASHINGTONIANS’ PRIVACY COMPROMISED BY DATA BREACHES

5 Points. Apple Desired Information Privacy Law.

 

  • tech companies should de-identify customer data or not collect customer data
  • comprehensive federal law is necessary
    • why? tech companies that collect a lot of data are basically spies
  • people should have a right in their data, and a right to have that data minimized
  • consumers must be told what data is being collected & why
  • the data belongs to the users and users (consumers) should always have access to it

The gold standard law: GDPR in the EU

Ars Technica | Tim Cook Calls for Strong US…

TREND. Data Breach + State Treasurers = Calls for Business Leadership Changes.

State Treasurers from RI, PA and IL and New York City are backing Trillium Asset Management in calling for Zuckerberg to step down from facebook over security breaches and misuse of the platform by foreign agents.

Governing | States and New York City Urge Mark Zuckerberg to Give Up Facebook Chairman Role

 

Regulatory TREND. Keep Bitcoin Transaction Clean with Strong Money laundering laws.How. What. Where.

Where: CipherTrace’s 2018 Q3 Cryptocurrency Anti-Money Laundering Report says 4.7% of funds moved through unregulated bitcoin exchanges is being cleaned

How can it be stopped? 

  • strong money laundering laws
  • bitcoin exchange regulation

 

Business Technology Media | Strong anti-money laundering laws hamper crypto-currency crime

3 Things Businesses Want from Data Security Regulators.

  • Clear communication about compliance (35% of businesses say)
  • Grace periods without penalties when regulations are implemented (31% of businesses)
  • More time for compliance (17% of businesses)

78% say more cyber security regulations drive more cyber investment in businesses

Beta News | Infosecurity North America | 77 percent of CISOs get conflicting advice on changing regulation 

Campaign TREND. Cybersecurity. Golden State Governor Race.

Both candidates set forth cybersecurity plans that will:

  • train more cybersecurity professionals
    •  including 5,000 new female and minority cybersecurity professionals by 2021
  • secure consumer’s private data
  • protect Colorado as a place to do business

 

Colorado Sun | Colorado’s candidates for governor offer a first glimpse into the importance they will place on cybersecurity. 

7 Data Security Policy Issues Raised by a Financial Regulator. Put it on your Radar.

SEC Commissioner Kara M. Stein raises these policy issues for regulators:

  • Should a company value its data?
  • Should it disclose the value of its data?
  • Who is responsible for the appropriate collection and use of data?
  • Who is responsible for protecting the privacy of personally identifiable information that is collected and used?
  • Who is responsible for determining how data can be shared?
  • Who is responsible for establishing and implementing minimum standards for data collection and use?
  • Who i…

50% of Voting Machines Hackable. New Report. What you need to know:

A Def Con report to Congress on Thursday will say:

  • 50% of voting machines are hackable
  • The defect is traceable back to a 2007 report by the OH Secretary of State
  • The hacking can occur remotely or when the hacker has physical contact with the machine

WallStreet Journal | Voting Machine Used in Half of U.S. Is Vulnerable to Attack, Report Finds

 

Lege TREND. Centralize State Cybersecurity Decisions.

State: Pennsylvania

The legislation: HB32 (PA | 2018)

How is the centralization of data security decisions structured?

  • create a Cybersecurity Innovation and Excellence Commission
  • The Commission will be comprised of:
    • lawmakers
    • government officials such as:
      • Department of Community and Economic Development
      • Department of Labor and Industry
      •  Pennsylvania Emergency Management Agency
    • outside experts 
  • The goal is to stay ahead of cybersecurity developments by:
    • coordinate…