Category Archives: regulatory trend

NY Attorney General Report on Crypto Currency Regulation. 3 Recommendations.

  • Caution: Conflicts of Interest.  Virtual asset trading platforms often engage in several lines of business that would be restricted or carefully monitored in a traditional trading environment.
  • Account for Abusive Trading Behavior
  • Consumer Protetctions needed

 

NY Attorney General | Virtual Markets Integrity Investigation 

Lege TREND. Data Breach Notification. State Preemption. 3 Reasons states oppose.

HR 6743 (2018) will preempt state data breach rules.

Opposition includes:

  • States with stronger data reech laws
  • States with stronger protection of insurance consumers
  • Hampers state ability to investigate and mitigate damages in the state

Lake County News | Jones urges House to oppose bill that undermines California security data protections

New Study. Center for Election Innovation & Research. 5 Take Aways.

Survey of states about voter registration database security reveals:

  • STATES ARE IMPROVING AND IMPLEMENTING BEST PRACTICES
  • multi factor identification for access is crucial
  • system iuntegrity is crucial- staff and security
  • consistent auditing of security systems
  • train employees about phishing

CENTER FOR ELECTION INNOVATION AND RESEARCH

Business TREND. Cyber Insurance Growth Estimates.

​German reinsurance giant Munich Re estiamtes cybcer insurance market will:

  • double by 2020 to over 8 billion dollars
  • corporate spending will be $3.4-$4 billion (3-3.4 billion euros) in 2017
  • corporate spending will be up to $8-$9 billion by 2020
  •  economic costs of large-scale cyber attacks already exceeds losses caused by natural disasters

PHYS.ORG | Cyber insurance market to double by 2020, says Munich Re

Fresh Regulatory & Legislative Issue: Cybersecurity & Aerospace

Congress, and thus soon the states, will openly consider regulatory and legislative measures for cybersecurity in aerospace including:

  • aerospace equipment
  • airport cybersecurity
  • connected devices

Why should I care about this for my clients?  Atlanta’s airport 2017 ransomware attack costs  may be upward of $40 million in direct costs and loss of productivity

House Committee on Homeland Security | UNDERSTANDING CYBERSECURITY THREATS TO AMERICA’S AVIATION SECTOR

Local TREND, Cities & Cybersecurity Insurance

Cities with mentioned cybersecurity insurance coverage:

  • Houston, 3  policies covering $10 Million with a $471,400 premium
  • Dallas
  • San Antonio via existing property policy
  • Ft. Worth,  $5 million cyberpolicy with a $99,570 premium
  • Atlanta 
  • Charlotte, N.C
  •  San Francisco has $50 million cyberpolicy for its public-health department

Cities actively looking at acquiring policies:

  • Boston
  • Nashville
  • Washington, D.C.
  • San Jose, CA

Self insured cities:

  • Seattle 

Wall Street Journal | More U.S.…

3 Ways State Attorneys General Control Data Security Policy

  • Create policy by litigating
    • ex: suits to support online privacy could be the new tobacco lawsuit
  • Blocking Federal Policies
    • Repulican Attorneys General sued Obama Administration 46 times in 8 years
    • Democratic Attornesy General have sued the Trump Administration 35 times in year 1
  • Crafting policy by managing State-level settlements delivering big headlines and fast payouts
    • ex: Equifax settlements

Forbes | How state attorneys general are driving tech policy

Regulatory TREND. Anatomy of a Secure Election Outreach Plan from the Hoosiers.

Indiana Secretary of State outreach plan touting a secure election contains:

  •  television, radio, and print ads stressing voter registration deadline
  • refers to the IN election system as “he healthiest 200-year-old”
  • touting security measures:
    • stresses none of Indiana’s voting machines are connected to the internet
    • Ball State tests the state’s voting systems

WFYI | Indiana Secretary Of State Seeks To Reassure…

Regulatory Trend. Cybersecurity Integration Center Alerts Agencies to Wildfires too. WHERE. WHAT. HOW.

WHERE: California

WHAT: The information sharing at the California Cybersecurity Integration Center alerted agencies along I-5 to a wildfire before the wildfire was phoned in

HOW: the Cybersecurity Inegration Center uses electronic scrapes of twitter, and a tweet started the wildfire information sharing through the agency

Cybersecurity Integration Center was created by Executive Order in 2015. 

Route 50 | How California Is Improving Cyber Threat Information Sharing

Health Care Data TREND. Governors Association Plan. 5 Steps.

  • 8 States collaborating with the Governors Association
    • Arkansas, Colorado, Delaware, Indiana, Iowa, Minnesota, Vermont and Washington
  • Establish best practices for health care data
  • Really long name:  “Harnessing the Power of Data to Achieve State Policy Goals: The Foundation for State Success in Improving Quality and Reducing Costs,”
  • 16 months 
  • Goals:
    • enable a fuller and better use of the countless health-care data streams they collect and maintain
    • legislative fixes
    • regulatory fixes

      • …