News & Analysis as of September 25, 2024

Cybersecurity › Digital Currency

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Legal Issues With Blockchains, Cryptocurrency Transactions, and Risks of Loss: Understand Your Contract

Houston Harbaugh, P.C. on 8/23/2024

The widespread and debilitating impacts of the recent faulty Crowdstrike® software update has caused businesses to evaluate processes and examine potential claims and defenses related to the deleterious commercial impacts of...more

NYDFS orders digital currency trading company to pay $8 million

Orrick, Herrington & Sutcliffe LLP on 1/22/2024

On January 12, NYDFS announced that it had entered into a consent order with a digital currency trading company after an investigation that found the company responsible for compliance failures that violated NYDFS’s virtual...more

Financial Markets and Funds Quick Take | Issue 16

Katten Muchin Rosenman LLP on 7/28/2023

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds....more

New York Settles with Crypto Company, Proposes Crypto Legislation

Sheppard Mullin Richter & Hampton LLP on 5/15/2023

On May 1, NYDFS settled with a cryptocurrency trading platform over the company’s cybersecurity deficiencies, resulting in a consent order and $1.2 million fine for the crypto company. NYDFS alleged “multiple deficiencies in...more

ABA’s Innovation Trends Report: What law firms should know

Array on 10/25/2022

Law firms and the legal profession as a whole have the long-held reputation of being slow to innovate andstymied in tradition. In 2016 the American Bar Association launched its Center for Innovation to guide “innovations...more

The North Korean Crypto Threat

K2 Integrity on 10/17/2022

Executive Summary - The North Korean threat to the crypto ecosystem is the highest form of immediate risk to the crypto-economy driven by a regime that seeks to profit from its misuse to reinforce its regime and fuel all its...more

Upcoming Regulatory Initiatives Impacting Private Fund Managers - September 2022

Dechert LLP on 9/22/2022

This latest edition of the regulatory initiatives paper sets out at a high level the core regulatory issues that are likely to impact private fund managers in the coming months, including an overview of the key actions needed...more

Australian Financial Services Regulatory Update - August 2022

Jones Day on 8/30/2022

This edition of the Update covers: - Recent legal and regulatory developments, including the commencement of cyber security incident notification obligations for critical financial market infrastructure assets, AUSTRAC's...more

Recent Exploits of Blockchain Bridges Highlight Need for Cybersecurity in Crypto and Risk of Liability

Alston & Bird on 8/4/2022

According to recent media reports there have been several instances of blockchain bridges being hacked this year, including reports on August 2 that a bridge lost close to $200 million to upwards of 40 hackers who exploited a...more

Hot Topics in International Trade - June 2022

Braumiller Law Group, PLLC on 6/16/2022

U.S. Initiates Indo-Pacific Economic Framework in the South Pacific- On May 23 in Tokyo, Japan, the U.S. and other countries in the Pacific region launched the Indo-Pacific Economic Framework for Prosperity (“IPEF”)....more

[Event] 16th Annual Flagship Conference on U.S. Economic Sanctions Enforcement and Compliance - May 5th - 6th, Washington, DC

American Conference Institute (ACI) on 3/30/2022

ACI’s Annual Flagship Conference on Economic Sanctions Enforcement and Compliance is widely regarded as the premier conference designed for those working in global sanctions compliance, internal audits and investigations,...more

Global Markets May Face Risk of Virtual Currency Abuse as Russian Actors Seek to Circumvent Sanctions

K2 Integrity on 3/14/2022

The United States, the United Kingdom, and European Union have led a broad international coalition imposing a sweeping and unprecedented range of economic and financial sanctions against Russia and Belarus in response to...more

Decoded: Technology Law Insights, Volume 3, Issue 4

Spilman Thomas & Battle, PLLC on 3/2/2022

War in the Time of Crypto - "In the Russia-Ukraine conflict, which side is crypto helping? Both." Why this is important: The world continues to watch Russia's invasion of Ukraine as it dominates news outlets. An...more

Central bank digital currencies – the end of money as we know it?

Hogan Lovells on 1/26/2022

Retail Central Bank Digital Currencies or “CBDCs” are hot right now with estimates that as many as 80% of the world’s central banks are engaged in pilots or other activities. The Bank of England, the European Central Bank...more

Ringing in the New Year: Regulators and Industry Seek to Bring Stability to Stablecoins in 2022. How (Much), Remains a Question.

Proskauer - Blockchain and the Law on 12/22/2021

On December 17, 2021, the Financial Stability Oversight Council (“FSOC”) – a collaborative body formed under the Dodd-Frank Act composed of state and federal regulators and tasked with identifying risks and responding to...more

[Event] 10th Edition of Fraud, Asset Tracing & Recovery - January 24th - 25th, Miami, FL

American Conference Institute (ACI) on 12/14/2021

ACI’s and C5’s 10th Edition of Fraud, Asset Tracing & Recovery Miami conference is returning on January 24 – 25, 2022 in person! Deemed as the foremost, can’t-miss event for the Fraud community, it gathers the pre-eminent...more

In the Coming ‘Metaverse’, There May Be Excitement but There Certainly Will Be Legal Issues

Proskauer - New Media & Technology on 12/3/2021

The concept of the “metaverse” has garnered much press coverage of late, addressing such topics as the new appetite for metaverse investment opportunities, a recent virtual land boom, or just the promise of it all, where...more

Treasury Actions to Counter Ransomware

Orrick, Herrington & Sutcliffe LLP on 10/13/2021

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced several actions focused on disrupting criminal digital finance infrastructure, including virtual currency...more

OFAC sanctions virtual currency exchange and updates ransomware advisory

Eversheds Sutherland (US) LLP on 9/27/2021

On September 21, 2021, the US Department of the Treasury took actions in response to the increasing prevalence and severity of ransomware attacks in the United States and address the central role that virtual currency and...more

[Virtual Conference] McDermottTech 2021 - September 21st, 3:30 pm - 5:45 pm BST

McDermott Will & Emery on 8/18/2021

We invite you to attend McDermottTech 2021, a virtual conference exploring the latest global trends impacting the technology industry. Please join us for this complimentary program on September 21, 2021, for the opportunity...more

The Use of Bitcoin and Cryptocurrencies in Ransomware Attacks: Why Employers Should Care

Fisher Phillips on 7/14/2021

As ransomware attacks continue to become more of a concern for employers of all sizes, an increasing number of hackers are demanding cryptocurrency such as Bitcoin in exchange for ending their attack. The recent ransomware...more

Explaining Cryptocurrency’s Ransomware Problem

Kelley Drye & Warren LLP on 6/11/2021

The recent ransomware attacks on Colonial Pipeline and JBS led to a flurry of calls to ban Bitcoin (and cryptocurrency generally) as enabling and incentivizing these attacks. Given the difficulty of tracking the...more

Crypto Exchange BuyUCoin Database Leaked

Robinson+Cole Data Privacy + Security Insider on 1/29/2021

Indian news outlet Inc42 has reported that the ShinyHunters hacking group found some shiny objects when it was able to compromise the personal information of hundreds of thousands of individuals using the crypto exchange...more

Dear Ransomware Victim and Your Accountants, Attorneys and Forensic Specialists: The Government Just Made Your Life Harder

Lowndes on 10/7/2020

By now, most everyone knows that ransomware is software that infects your computer system, makes your data irretrievable and usually breaks things along the way. To unlock your system, the bad guys (or girls) demand you pay a...more

Decoded: Technology Law Insights - Issue 7, September 2020

Spilman Thomas & Battle, PLLC on 10/4/2020

U.S. Judge Halts Trump's TikTok Ban, Hours Before It was Set to Start - "John Hall, an attorney for TikTok, said that the app, with some 100 million American users, is a 'modern day version of the town square' and shutting...more

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Cybersecurity › Digital Currency

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