Stablecoin currencies such as Facebook’s Libra may pose systemic risks to the global financial system, according to a recently released Federal Reserve Report. In its Financial Stability Report released on November 19, 2019,...more
GandCrab Ransomware Backers Working on New Ransomware REvil -
We previously reported that the criminals behind the GandCrab Ransomware were retiring, and that a patch was discovered and companies are urged to implement the...more
7/22/2019
/ Artificial Intelligence ,
AT&T ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Digital Wallets ,
DNA ,
Drones ,
Facial Recognition Technology ,
Hackers ,
Identity Fraud ,
Personally Identifiable Information ,
Premera Blue Cross ,
Ransomware
The North American Securities Administrators Association (NASAA) this week approved an information security model rule package aimed at improving the cybersecurity posture of the 17,543 state-registered advisers.
...more
5/24/2019
/ Contract Drafting ,
Cryptocurrency ,
Cybersecurity ,
Data Privacy ,
Electronic Protected Health Information (ePHI) ,
FinCEN ,
Hackers ,
Investment Adviser ,
Mobile Apps ,
Model Rules ,
Money Laundering ,
Money Services Business ,
NASAA ,
Phishing Scams ,
Popular ,
Securities Regulation ,
Virtual Currency ,
WhatsApp
The Financial Crimes Enforcement Network (FinCEN) is the U.S. Treasury Department bureau charged with monitoring financial transactions in order to combat domestic and international money laundering, terrorist financing and...more
5/24/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Blockchain ,
BSA/AML ,
Business Model ,
Cryptocurrency ,
Financial Crimes ,
Financial Transactions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Know Your Customers ,
Money Laundering ,
Money Services Business ,
New Guidance ,
Popular ,
Suspicious Activity Reports (SARs) ,
Terrorist Financing Regulations ,
Virtual Currency
New Year’s is a time to look back on the happenings of the year and focus on the lessons and reminders those events have provided. For our final newsletter of the year, we’d like to share with you our top 10 most read posts...more
12/31/2018
/ Banking Sector ,
Blockchain ,
Connected Items ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Distributed Ledger Technology (DLT) ,
Drones ,
Federal Aviation Administration (FAA) ,
Financial Conduct Authority (FCA) ,
Hackers ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Personally Identifiable Information ,
Popular ,
Wells Fargo
In an effort to promote the development of new financial technology (fintech) products, Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), announced last week the creation of the Office of...more
7/30/2018
/ Blockchain ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Services Committee ,
Financial Services Industry ,
FinTech ,
Innovation ,
Innovative Technology ,
Regulatory Agenda ,
Regulatory Oversight ,
Sandbox ,
Virtual Currency
CYBERSECURITY -
Financial Conduct Authority Warns Banking Industry of ICOs and Cryptocurrency -
Writing a “Dear CEO” letter to banking executives, the Financial Conduct Authority (FCA) warned executives on June 11,...more
6/18/2018
/ Banking Sector ,
Bitcoin ,
Cryptocurrency ,
Currency Exchange ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Privacy ,
Drones ,
Energy Sector ,
False Claims Act (FCA) ,
Fidelity Investments ,
Initial Coin Offering (ICOs) ,
Legislative Agendas ,
North Korea ,
Popular ,
Risk Management ,
Shipwrecks ,
Trading Platforms ,
Unmanned Aircraft Systems ,
Wells Fargo ,
Wire Fraud
While many traditional financial institutions hesitate to embrace cryptocurrencies such as bitcoin, a recent news report suggests that Fidelity Investments, the fourth largest U.S. asset manager, is looking to enter the fray....more
6/12/2018
/ Asset Management ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Fidelity Investments ,
Financial Markets ,
Popular ,
Public Exchanges ,
Trading Platforms ,
Virtual Currency
Think Tank Says Nuclear Missiles Can be Inadvertently Launched Through Cyber-Attacks -
Just before the false alarm in Hawaii last weekend when residents were erroneously warned of an impending missile attack, think tank...more
1/19/2018
/ Bitcoin ,
Cloud Storage ,
Common Law Claims ,
Confidential Communications ,
Cryptocurrency ,
CT Supreme Court ,
Cybersecurity ,
Department of Justice (DOJ) ,
Digital Currency ,
Drones ,
Government Investigations ,
Hackers ,
Malware ,
Medical Records ,
National Security ,
North Korea ,
Nuclear Weapons ,
Popular ,
Ransomware ,
Virtual Currency ,
Vulnerability Assessments
Researchers at cybersecurity firm AlienVault have discovered a computer virus of North Korean origin which infects and hijacks computers in order to mine Monero, a private digital currency which styles itself as “secure,...more
1/17/2018
/ Android ,
Bitcoin ,
Cryptocurrency ,
Cyber Crimes ,
Digital Currency ,
Hackers ,
Malware ,
North Korea ,
Popular ,
Smartphones ,
Virtual Currency