On February 15, 2018 a milestone event occurred in New York. For financial institutions licensed in New York (there are about 3,000 of them), The Chairman of the Board, CEO or some other similar executive had to personally sign a document and submit it to the State of New York. The document says that the […]
Continue reading → [DISPLAY_ACURAX_ICONS]The White House (Council of Economic Advisors) released a 62 page report today detailing the cost of malicious cyber activity in the U.S. in 2016. The White House says that the cost was between $57 Billion and $109 Billion for that one year. That’s billion with a B. The report is available here. The report says […]
Continue reading → [DISPLAY_ACURAX_ICONS]This is not Mark Zuckerberg trying to extract a few more cents out of you by pushing more ads to you – in fact, Facebook really doesn’t even have much of a say in this. It is not even a Google thing. Still, it is useful to understand. In the case of a Manhattan woman […]
Continue reading → [DISPLAY_ACURAX_ICONS]While the head of cybersecurity at DHS said the details of which states were compromised is classified, she admitted that 21 states were targeted during the 2016 elections and that some of them were penetrated. Former DHS Secretary Jeh Johnson said 2016 was a wakeup call and now it is up to the government(s) to […]
Continue reading → [DISPLAY_ACURAX_ICONS]I am always skeptical about these lawsuits. One issue is usually “standing”, but in this case, I don’t think this will be an issue. Often, if the party being sued thinks they are going to lose, they tend to settle, quietly, with no precedent from a court decision. In this case, I predict this one […]
Continue reading → [DISPLAY_ACURAX_ICONS]As the leadership at the Consumer Finance Protection Bureau has changed to a more business friendly leader, the new head of the CFPB, Mick Mulvaney is not going to move forward with a full scale probe of how Equifax failed to protect the information of over a hundred million consumers. The former director, Richard Cordray, […]
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