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
The Federal Energy Regulatory Commission (FERC) announced on July 19, 2018, that it is directing the North American Electric Reliability Corporation (NERC) “to develop and submit modifications to the NERC Reliability...more
7/30/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Bulk Electric System ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Dark Web ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Electricity ,
Energy Sector ,
FERC ,
Final Rules ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Hackers ,
LifeLock ,
Malware ,
National Security ,
NERC ,
Phishing Scams ,
Popular ,
Reliability Standards ,
Reporting Requirements ,
Sensitive Business Information ,
US Air Force ,
Utilities Sector ,
Virtual Currency
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
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
“Orangeworm” Targeting Health Care Industry -
In what is being called a systematic targeting of large health care organizations, pharmaceutical companies, and IT companies and equipment manufacturers that service the...more
4/27/2018
/ Blue Shield ,
Criminal Investigations ,
Cyber Attacks ,
Cyber Insurance ,
Data Breach ,
Digital Currency ,
Drones ,
Enforcement Actions ,
Extraterritoriality Rules ,
Hackers ,
Health Care Providers ,
Healthcare ,
Medical Devices ,
Personal Data ,
PHI ,
Risk Management ,
Scams ,
September 11th Victim Compensation Fund ,
SunTrust ,
Unmanned Aircraft Systems ,
US v Microsoft ,
Virtual Currency
As of February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of...more
2/16/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Chief Information Security Officer (CISO) ,
Cybersecurity ,
Cybersecurity Framework ,
Data Privacy ,
Data Protection ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Extortion ,
Financial Institutions ,
Financial Services Industry ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HITECH Act ,
Information Technology ,
Insurance Industry ,
Medical Records ,
No-Fly Zones ,
NYDFS ,
Olympics ,
Popular ,
Risk Management ,
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
Senate Bill 398, unanimously passed by the Nevada legislature and signed into law by the Governor on June 5th, represents the most far-reaching state legislation to date concerning the use of blockchain technology. Blockchain...more