Cryptocurrency

With Crypto Scams on the Rise, Legislators Debate Regulations

Cryptocurrency scams are on the rise, and will become even more prevalent in 2022 according to security firm Lookout. That prediction is supported by data from the U.S. Federal Trade Commission, which found that from October 200 to May 2021, consumers reported losing more than $80 million to cryptocurrency scams—an increase of nearly 12 times…
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Cyberattacks

Congressional Cybersecurity Report Warns of Dim Outlook

Cybersecurity has become a primary focus for lawmakers, federal agencies, and the private sector. Cyberattacks have prompted official government actions in the form of Executive Orders, Operational Directives, ransomware guidance, ransomware notification legislation, and dozens of bills aimed at enhancing cybersecurity across industry sectors. A recent report by the Congressional Research Service highlights the different…
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Privacy

Commerce Department Moves to Regulate Data Privacy

The Biden Administration continues its foray into the debate over privacy policy in the United States. On Tuesday, November 30, The National Telecommunications and Information Administration (NTIA) issued a notice that they will hold three virtual “Listening Sessions” about the intersection of privacy, equity, and civil rights. The NTIA, a branch of the Commerce Department,…
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Interest

Interest Groups Exert Influence as Support Grows for Federal Privacy Law

As calls for comprehensive national privacy legislation grow louder in the United States, Big Tech and Big Business are deploying armies of lobbyists and monied interests to influence state and federal legislation. Legislators from both parties have rallied around the need for stronger consumer protection laws. This sentiment was echoed at a recent hearing held…
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ISP

FTC Report Reveals ISP Data Privacy Failures

The Federal Trade Commission (FTC) recently issued a report on the privacy practices of internet service providers (ISPs). The report is based on material provided by the United States’ six largest ISPs – AT&T, Verizon Wireless, Charter Communications Operating, Xfinity, T-Mobile, and Google Fiber. These ISPs comprise approximately 99 percent of the mobile internet market.…
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CISA

CISA Issues Broad Cybersecurity Directive

On Wednesday, the Cybersecurity and Infrastructure Security Agency (CISA) ordered federal agencies to fix several software and hardware vulnerabilities. Binding Operational Directive (BOD) 22-01, Reducing the Significant Risk of Known Exploited Vulnerabilities establishes a CISA-managed catalog of known exploited vulnerabilities that carry significant risk and establishes requirements for agencies to remediate any such vulnerabilities included…
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House

House Passes Bills to Strengthen Telecommunications Infrastructure and Supply Chains

On Wednesday, The U.S. House of Representatives passed a slate of bipartisan bills aimed at securing U.S. telecommunications infrastructure. Concern is growing throughout the government about the risk to U.S. telecom networks from foreign adversaries, particularly from China. According to Reuters, a group of five senators recently wrote a letter urging the Federal Communications Commission…
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Cybersecurity

DOJ Will Use False Claims Act to Target Cybersecurity Fraud

On October 6, Deputy Attorney General Lisa Monaco announced the launch of the US Department of Justice’s (DOJ) Civil Cyber-Fraud Initiative. The DOJ will utilize the False Claims Act (FCA) to pursue cybersecurity related fraud by government contractors and grant recipients.  The False Claims Act was enacted during the Civil War to stamp out fraud…
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NIST Releases New Guidance for Assessing Risk

On September 1, the National Institute of Standards and Technology (NIST) released a new report that outlines the need for determining risk priorities and outlines options for properly treating risk. NISTIR8286B; Prioritizing Cybersecurity Risk for Enterprise Risk Management describes how risk priority and response information should be added to a cybersecurity risk register (CSRR). The…
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Privacy

Senate Hearings Call for Creation of New Data Privacy Bureau

On Wednesday, September 29, the Senate Committee on Commerce, Science and Transportation held a hearing on data privacy titled, “Protecting Consumer Privacy.” The issue of data privacy is of particular interest to Sen. Maria Cantwell (D-WA), the Committee Chair, who introduced the Consumer Online Privacy Rights Act (COPRA) in 2019. Much of the testimony revolved…
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