DOJ Indictment for the $36M SamSam Ransomware CyberAttacks

Compliance, Cyberattack, Cybersecurity, US Code

Dept of Justice, US Attorney’s Office for the District of New Jersey, Newark, NJ United States District Court for the District of New Jersey (Newark, NJ) USA v Faramarz Shari Savandi and Mohammad Mehdi Shah Mansouri, 3:18-cr-00704-BRM   Cyberattack Criminal Action: On November 28, 2018, Deputy Attorney General Rod Rosenstein, on behalf of the DOJ and the US Attorney’s Office for the DNJ, announced at the SamSam Ransomware Press Conference, that they had filed in federal court, the USDC for the District of New... Read More

NASDAQ Patent for Disseminating Information Using a Blockchain

Blockchain DLT, Cybersecurity

United States Patent No. 10,108,812 granted on 23 October 2018. Systems and Methods for Securing and Disseminating Time Sensitive Information Using a Blockchain Applicant and Assignee: Nasdaq, Inc. Priority Date: 28 January 2016 Abstract: An information computer system is provided for securely releasing time-sensitive information to recipients via a blockchain. A submitter submits a document to the system and a blockchain transaction is generated and submitted to the blockchain based on the document (e.g., the document is included as part of the blockchain transaction).... Read More

KB Financial Group Blockchain Patent Publication WIPO WO2018/164408 A1

Blockchain DLT, Cybersecurity

Application Security Method and System for Performing Same   NOT A Patent … at least not yet It has been widely repeated in the Blockchain and Cryptocurrency press that a South Korean news provider, The Digital Times, reported on October 15, 2018, that KB Financial Group, Inc., a South Korean company, had been awarded a patent for a novel blockchain based cryptographic fintech security solution. However, our search of the patent databases for 'KB Financial' and 'Kookmin' could not find any such patent... Read More

Crypto Criminal Indictment – USA v Maksim Zaslavskiy, USDC EDNY, 17 CR 647

Compliance, Cryptocurrency, Cybersecurity, ICO Initial Coin Offering

Dept of Justice, US Attorney’s Office for the Eastern District of New York, Brooklyn, NY United States District Court for the Eastern District of New York (Brooklyn) USA v Zaslavskiy, 1:17-cr-00647-RJD-RER   Synopsis of Crypto Criminal Action by the DOJ: Note: As a precedent to this action, on September 29, 2017, the SEC filed an emergency injunction civil action in the United States District Court for the Eastern District of New York against defendants, REcoin Group Foundation LLC (“REcoin”), DRC World Inc., a/k/a Diamond... Read More

Crypto Criminal Indictment – USA v Maksim Zaslavskiy, USDC EDNY, 17 CR 647 – Order by Judge Dearie

Compliance, Cryptocurrency, Cybersecurity, US Code

Dept of Justice, US Attorney’s Office for the Eastern District of New York, Brooklyn, NY United States District Court for the Eastern District of New York (Brooklyn) USA v Zaslavskiy, 1:17-cr-00647-RJD-RER Order of the Court to Proceed to Trial: Please see the previous blog post reviewing the initiation of the Civil Action and the filing of this Criminal Indictment by the SEC. On September 11, 2018, Judge Dearie denied the Motion to Dismiss in that the Indictment as plead met the legal requirements, and... Read More

NIST SBCA – NIST Small Business Cybersecurity Act of 2018, Pub. L. No. 115-236

Compliance, Cybersecurity, US Code

The NIST Small Business Cybersecurity Act of 2018, Pub. L. No. 115-236, was signed into law on August 14, 2018, by President Trump. The NIST SBCA Section 2 amends Section 2(e)(1)(A) of the National Institute of Standards and Technology Act (15 U.S.C. 272(e)(1)(A)) to require the National Institute of Standards and Technology (NIST) to incorporate the needs of small businesses when it provides support for promulgation of voluntary industry guidelines to reduce cyber risks to infrastructure.   NIST, in consultation with other... Read More

The Synergy of Blockchain, Smart Contracts and the Internet of Things

Cyberattack, Cybersecurity

The frenzy of Internet of Things development is arising at the perfect time to incorporate blockchain technology with smart contracts functionality to maximize the cybersecurity of the these IoT devices.   Initially, computers were the primary device connected to the internet providing basic data transfer, and a novel form of human communication, email. Since the landline telephone was already ubiquitous in the population, the next major addition was cellphone connectivity through data communication or WiFi. With further electronic circuity size reduction... Read More

GDPR Best Practices

EU GDPR

For many of these companies, the first step in complying with GDPR is to designate a data protection officer to build a data protection program that meets the GDPR requirements. The General Data Protection Regulation applies to EU entities and non-EU entities marketing goods and services to EU citizens. Thus even non-EU entities should be preparing to comply with GDPR. By complying with GDPR requirements, businesses will benefit from avoiding costly penalties while improving customer data protection and trust. Secondly,... Read More

TILA – The Truth in Lending Act of 1968, Pub. L. No. 90-321

US Code, US Laws - CyberSecurity

TILA - The Truth in Lending Act of 1968, Pub. L. No. 90-321 TILA was enacted to promote the informed use of consumer credit, by requiring disclosures about the terms and costs, and to standardize the manner in which costs associated with borrowing are calculated and disclosed. TILA amendments were enacted as United States Public Law 104-29 on September 30, 1995; compiled at 109 Stat. 271; and codified at 15 USC 1601 to 1693. “An Act --- To amend the Truth in... Read More

TCPA – Telephone Consumer Protection Act of 1991, Pub. L. No. 102-243

Cyberattack, Cybersecurity, US Code, US Laws - CyberSecurity

The TCPA was enacted to amend the Communications Act of 1934 to prohibit certain practices involving the use of telephone equipment. It is cited as the Telephone Consumer Protection Act of 1991. The TCPA restricts telephone solicitations (i.e., telemarketing) and the use of automated telephone equipment. The TCPA limits the use of automatic dialing systems, artificial or prerecorded voice messages, SMS text messages, and fax machines. The TCPA was originally enacted as United States Public Law 102-243 on December 20,... Read More

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