White House Working on Cyber Insurance Policy for Catastrophes The White House is working on a policy proposal to stabilize the economy in case of a massive cyber incident. This would require help from Congress, of course, but it is certainly possible that we could have a cyber 9/11 that would require a federal bailout. […]
Continue reading → [DISPLAY_ACURAX_ICONS]Interpol Recovers Over $40 Mill from Biz Email Compromise Attack INTERPOL has created a global stop-payment mechanism that it can use to recover funds. A company in Singapore thought they were paying a vendor. Instead they paid a hacker. INTERPOL’s Global Rapid Intervention of Payments or I-GRIP was able to recover $39 million out of […]
Continue reading → [DISPLAY_ACURAX_ICONS]The EU has designated TikTok as a major player (what the EU calls a VERY LARGE ONLINE PLATFORM) like Facebook and Twitter and as a result, they are regulating it under the Digital Services Act, one of the EU’s new laws to fight the mega (US) tech companies. TikTok did have a rewards program which […]
Continue reading → [DISPLAY_ACURAX_ICONS]State Dept. Says UN Cybercrime Treaty Must protect Human Rights On the eve of final negotiations at the UN for a long awaited cybercrime treaty, the US says they are focused on ensuring the treaty protects human rights. The US, along with 40 other countries — not including, Surprise, Russia or China — signed off […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Texas Attorney General is making big headlines and while he is not running for election this year, you can count on him bringing this up next time. Meta has agreed to pay Texas $1.4 billion or about one percent of its annual revenue (plus likely a tax deduction) for using facial recognition on Texas […]
Continue reading → [DISPLAY_ACURAX_ICONS]Candidates often say what they think will sell. In 2021 then president Trump said that bitcoin ‘just seems like a scam‘: “Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at 6,000 and, much lower. I don’t like it because it’s another currency competing against the dollar, […]
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