News & Analysis as of September 19, 2024

Virtual Currency › Federal Agency Taskforce

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

United States Department of Justice Announces National Cryptocurrency Enforcement Team and Civil Cyber-Fraud Initiative

Jenner & Block on 10/15/2021

Ransomware attacks have become increasingly common and, according to the NSA Director, are projected to continue growing in prevalence. Amidst the rise in ransomware attacks, last week the United States Department of Justice...more

US creates task force to help with crypto investigations

Hogan Lovells on 7/30/2018

What has happened? US President Donald Trump has signed an executive order, establishing a task force that will develop guidance for the investigation and prosecution of fraud, including "digital currency fraud"....more

Data Privacy + Cybersecurity Insider - February 2018 #4

Robinson & Cole LLP on 2/26/2018

U.S. Estimates that Cyber Hacks Cost Up to $109 Billion in 20 - The Council for Economic Advisors (CEA) issued a report this month, entitled “The Cost of Malicious Cyber Activity to the U.S. Economy,” which concludes that...more

Data Privacy + Cybersecurity Insider - November 2017 #4

Robinson & Cole LLP on 12/1/2017

Intel has confirmed it has a bug in its remote server management tool. The tool, known as Management Engine, permits administrators of IT systems to access devices remotely to apply updates or troubleshoot problems for users....more

Virtual Currency May Not Be Money but Dismissal Is Real

Manatt, Phelps & Phillips, LLP on 9/9/2016

Is bitcoin money? Not according to a Florida judge who threw out criminal charges against a defendant accused of money laundering and acting as an unlicensed money services business in violation of state law. What...more

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