Exploring technology law in cyberspace
Smart contracts are getting attention as various industries search for innovative ways to integrate blockchain technology into their business models. In the future, companies will utilize smart contracts for a variety of purposes to improve […]
While some investors see quick gains selling cryptocurrency, they must comply with the tedious task of tracking their profits. For tax purposes, the IRS treats virtual currency as property. The IRS considers cryptocurrencies to be capital […]
An Initial Coin Offering (ICO) gives companies an alternative way to gather business capital by offering crypto-tokens to investors. Many ICOs are based on underlying cryptocurrencies, such as Bitcoin or Ethereum. The promoters of ICOs believe that […]
On May 25, 2018, the General Data Protection Regulation (GDPR) will take effect in the European Union. The GDPR requires companies to get permission from customers before sharing their data. A company that does not […]
A cyber insurance policy transfers risk to an insurance company for losses involving a cyber breach. However, a cyber insurance policy is not a substitute for implementing adequate safeguards to secure an organization’s network. Cyber […]
A class-action complaint filed against Facebook and Cambridge Analytica (CA) describes how the companies violated the privacy of 50 million users in the summer of 2014. The plaintiffs filed the complaint in a California federal district […]
The U.S. Supreme Court cleared the path for cyber breach plaintiffs to establish standing in their lawsuit against CareFirst. The Supreme Court’s refusal to review the lower appeal court’s decision to grant standing for the plaintiffs […]
On January 25, 2018, Allscripts, a platform service provider for managing electronic health care records, experienced a ransomware attack. The ransomware was a variant of the “SamSam” malware. Allscripts restored its systems with backups, but […]
Congressional committee findings show that cyber crimes pose a “severe threat” to the economic strength of the United States. The committee found that the threat continues to grow because law enforcement has limited resources to respond […]
Cryptocurrency is a decentralized payment system that operates with peer-to-peer transactions. The system adds each transaction to a permanent ledger, which is transparent to the parties. Processors, called miners, verify these transactions by solving hashing […]
