Regulators Going After Crypto Firms A number of crypto firms have felt the sting of regulators recently. The most recent one is Genesis Global Trading. New York’s DFS fined them $8 million and required them to surrender their license for failure to comply with money laundering and other laws. Of course, a key purpose for […]
Continue reading → [DISPLAY_ACURAX_ICONS]Memorial Healthcare Systems in Florida was fined $5.5 million for allowing the information of about 115,000 patients to be accessed “impermissibly”. Memorial, which operates 6 hospitals, an urgent care center, a nursing home and other healthcare facilities in South Florida, reported the breach in 2012 – 5 years ago – after it discovered the problem. […]
Continue reading → [DISPLAY_ACURAX_ICONS]For Financial Service firms, the message is clear. Both FINRA and the SEC are looking over your shoulder to make sure that you are taking cyber security seriously. And the fines are not small. From hundreds of thousands to millions of dollars, firms big and small are getting whacked with fines. In 2014, the SEC […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Register is reporting that Anthem refused to allow U.S. government auditors to audit their systems as required as part of a contract that Anthem has with the U.S. government. This news is coming out after Anthem was hacked of some 88 million customer records. The Office Of Personnel Management Inspector General audits insurers who […]
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