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The SEC Just Launched a Fake ICO Website to Educate Investors

The U.S. Securities and Exchange Commission wants to ensure investors can identify fraudulent initial coin offerings - even if it has to launch its own to do so. The regulator announced Wednesday it has launched a mock ICO called HoweyCoin, presumably named after the Howey Test, which "touts an all too good to be true investment opportunity." However, the company notes, "the offer isn't real." Users who try to invest in the token sale will instead be redirected to the r

Europe’s new data privacy law will be worth the hassle, says Dutch prince

A goo summary, though you'll note the headline includes a sly dig at European royalty...: [...] "Of course it's a hassle," he said. "And it'll come at a certain cost. But once you got your data infrastructure well set up, it really is something you can deal with." In fact, he said: "It might be a competitive advantage because the companies will probably be more trustworthy. On the other hand, they'll have higher compliance cost." [...]

British cyber expert’s attorney says FBI deceived him

This case has gone off the radar in the UK. Glad to see that Marcus is being gainfully employed in the US whilst this plays out. Security researchers often work at the margins of legality. Cases like this have a chilling effect on what they can research...: MILWAUKEE (AP) — Attorneys for a British cybersecurity expert credited with stopping a worldwide computer virus last year told a federal judge Wednesday that the FBI agents who arrested him for allegedly creating malware

‘Decryption’ legislation a top priority for Australia’s cybersecurity minister

'Good luck with that' was my initial response to this. I still think mathematics trumps national law...: Minister for Law Enforcement and Cyber Security Angus Taylor has told the CeBIT Australia conference in Sydney on Thursday that the federal government's push to access encrypted communication is one of his highest priorities, but he refused to offer a date of when legislation can be expected. Australian Prime Minister Malcolm Turnbull, along with his then Attorney-Gene

DHS Unveils 5 Pillar Strategy to Guide Cybersecurity Efforts (See them Here)

At a high level, this is a reasonable framework for all organisations to adopt. Though your ability to take on transnational criminal gangs will probably be minimal...: DHS’s strategy sets forth a five-part approach to manage national cyber risk aimed at ensuring the availability of critical national functions and fostering efficiency, innovation, trustworthy communication, and economic prosperity in ways consistent with our national values and that protect privacy and civil

Biometric privacy laws pose new challenges, risks for employers

My children buy their school lunches via a fingerprint reader. I unlock my iPhone with a glance. Biometrics are becoming commonplace. The US is a hotbed of litigation over biometrics, something we could learn from on this side of the pond...: In an effort to improve data security, many companies have begun using biometric data, such as fingerprints and other unique physical features, as high-tech replacements for passwords. In fact, the use of “biometric time clocks” – fin...

Proposed Law Allows for Data Breach Lawsuits Without Proof of Injury

Here's another interesting contrast between the European approach of strong regulation vs. the US "sue the buggers" litigation-led approach...: SB 1121, which is making its way through the California Legislature, would allow businesses to be sued for data breaches even when no one was actually injured. This includes being sued for failing to implement and maintain reasonable security procedures as well as for failing to properly notify affected individuals of a breach of the

Uber Catches Break in Data Breach Class Action

A different Uber breach, this one was smaller but may set precedent for action coming from the 2016 breach...: Uber suffered a data breach in 2014 resulting in the compromise of more than 50,000 drivers’ personal information, including back account and social security numbers. Drivers brought a class action suit in federal court in the U.S. District Court for the Northern District of California.  On May 10, a judge tossed the suit for a third time for lac...