JOBS / Crowdfund Act of 2012, Pub. L. No. 112-106

US Code

1.       Introduction – a.       “Jumpstart Our Business Startups Act” (Title I is called the “JOBS Act”, but Title III is called the “Crowdfund Act”); b.       The JOBS Act is quite extensive and was signed into law by President Obama in April 2012. It enables small businesses to solicit securities-based funding from the general public – also now known as Business Crowdfunding. c.        It may be compared to donation funding on Kickstarter, but the Crowdfund Act permits securities-based crowdfunding investors to receive a... Read More

Blockchain – the basic definition and function

Blockchain DLT, Smart Contract

WHAT IS BLOCKCHAIN? This article is provided by Action Cyber Times to give the reader a basic understanding of the blockchain distributed ledger technology. Definition: A computer generated “blockchain” is a term used to describe a data set comprising data transactions grouped into individual timestamped data ‘blocks’, mathematically linking these 'blocks' seriatim to form an unbroken set of data blocks, and then encoding the set of data blocks cryptographically for integrity and security, producing in computer speak, a “blockchain”. The concept is... Read More

18 U.S.C. 33 – Destruction of motor vehicles or motor vehicle facilities

Cyberattack, US Code

18 U.S.C §33 - link to statute at www.govinfo.gov (a) Whoever willfully, with intent to endanger the safety of any person on board or anyone who he believes will board the same, or with a reckless disregard for the safety of human life, damages, disables, destroys, tampers with, or places or causes to be placed any explosive or other destructive substance in, upon, or in proximity to, any motor vehicle which is used, operated, or employed in interstate or foreign commerce,... Read More

SMART CONTRACT on a blockchain – a basic explanation

Blockchain DLT, Smart Contract

What is a blockchain 'SMART CONTRACT'? Action Cyber Times™ simple definition: A blockchain ‘smart contract’ is computer code, or 'depcode', that is dependent upon the original distributed ledger blockchain code protocol to activate its instructions autonomously and thereby perform some additional function required by the original blockchain programming. Basics of a Smart Contract The blockchain and smart contracts have been previously reviewed. To start, not only is use of the term ‘smart contract’ confusing in this business context with the blockchain... Read More

11 U.S.C. 523 – the Bankruptcy Act Exceptions to Discharge

Compliance, ICO Initial Coin Offering

Title 11 - United States Code - Bankruptcy Chapter 5 - Creditors, the Debtor, and the Estate Subchapter II - Debtor's Duties and Benefits Sec. 523 - Exceptions to Discharge (a)discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt— (1) for a tax or a customs duty—(A) of the kind and for the periods specified in section 507(a)(3) or 507(a)(8) of this title, whether or not a claim for such tax was... Read More

Back to the Medieval Future – Motte and Bailey 2.0

Artificial Intelligence, Cyberattack, Cybersecurity

Will the Cloud be your garrison? Organizational security divides and turf wars will continue to plague the woebegotten and forlorn until cybersecurity defenses are largely centralized. The unrelenting nation-state sponsored attacks will continue to be the largest (but not the only) cyber risk driving the cloud service bandwagon. The migration from maintaining an in-house perimeter to sheltering under the wings of a cloud based service is inevitable for individuals and organizations that do not have - or cannot counter -... Read More

Cloud Computing and Services Overview 2017

Cybersecurity

Cloud Computing Model The National Institute of Standards and Technology, Special Publication 800-145, states in Section 2: "Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. This cloud model is composed of five essential characteristics, three service models, and four deployment models." 5 Cloud Characteristics The five essential characteristics are... Read More

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