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Withers LLP
The traditional finance market is centralized. Central authorities issue the currency that powers our economy. Centralized financial organizations, e.g., banks, control our assets.
Foley & Lardner reported that a recent 2020 Deloitte survey that "1,300 CIOs and senior technology leaders found that only 12% of organizations are using AI to replace workers...
Akin Gump Strauss Hauer & Feld LLP
On March 5, 2020, Gov. Phil Scott (VT-R) signed into law amendments to the Security Breach Notice Act (the "Act"). The amendments, which originated in the State Senate as part of an...
New carbon emission tracking technology will quantify emissions of greenhouse gas, holding the energy industry accountable for its CO2 output.
Foley & Lardner reported about the Tala Security Global Data at Risk 2020 State of the Web Report that "Sensitive data like PII and credit card information has never been more at risk...
Lewis Roca Rothgerber Christie LLP
In January, the Lewis Roca Rothgerber Christie Data Protection and Cybersecurity Team warned of evolving cybersecurity threats, including a significant re-emergence of ransomware
Two recent actions by the OCC—one enforcement action and one interpretive note—focus attention on the kinds of AML controls needed for banks to custody cryptoassets while meeting their obligations to fight financial crime.
Cooley LLP
In a little-noticed consent decree in the fall of 2019, the Federal Trade Commission took the position that businesses whose services facilitate financial operations on behalf of financial...
Foley & Lardner
Attackers also targeted specific employees who had access to account support tools, Twitter said here adding that it restricted access to its internal tools and systems ever since the incident occurred.
Sheppard Mullin Richter & Hampton
The Office of the Comptroller of the Currency ("OCC") recently signaled its approval for banks to fully wade into the cryptocurrency custodian space.
Foley Hoag LLP
The alert identifies types of cyberattack activity recently observed, including spearphishing, utilizing commonly used ports, and use of vendor engineering software and program downloads.
Pryor Cashman LLP
On July 22, the New York State Department of Financial Services announced cybersecurity charges against First American Title Insurance Company.
Taft Stettinius & Hollister
As we wrote recently, a global survey of senior technology executives conducted by KPMG and Oracle revealed that worrying about data security is the thing that most keeps them awake at night.
Sheppard Mullin Richter & Hampton
NIST recently released the final public draft of SP 800-172, Enhanced Security Requirements for Protecting Controlled Unclassified Information...
Akin Gump Strauss Hauer & Feld LLP
On July 21, 2020, the National Science Foundation (NSF) and the White House Office of Science and Technology Policy (OSTP) jointly announced ...
Cadwalader, Wickersham & Taft LLP
The OCC confirmed that state and national banks and thrifts may provide cryptocurrency and digital asset custody services, including by holding "unique cryptographic keys."
Cleary Gottlieb Steen & Hamilton LLP
On July 22, 2020, the Office of the Comptroller of the Currency ("OCC") published an interpretive letter clarifying that providing cryptocurrency custody services to customers is a permissible...
Foley Hoag LLP
On Wednesday, June 24, 2020, the Federal Energy Regulatory Commission (FERC or "the Commission") published a Notice of Inquiry (NOI) in the Federal Register soliciting comments on Federal Energy...
Womble Bond Dickinson
Maybe 18 months to 2 years ago when the world was new, Broadway was open, and blockchain was everywhere. And then it wasn't.
Ketsal PLLC
We examine how unclaimed virtual currencies, airdrops, and hard forks can implicate unclaimed property laws. In addition, we explore the unresolved issue of how one might escheat virtual...
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