In a contentious move, the Securities and Exchange Commission (SEC) recently sued Kik Interactive Inc. for its Initial Coin Offering of $100 million, alleging it violated securities laws by not registering the offering with the SEC. The SEC alleges that the fundraising of $100 million was illegal because it did not provide proper disclosures to investors. Kik has launched a crowdfunding site to help raise money to defend against the suit.…

Last week, we wrote that Quest Diagnostics reported in a security filing that a collection agency performing collections for the company had suffered an intrusion that exposed almost 12 million individuals’ personal and financial information [view related post]. Another lab company reported days later that it was notified that the information of 8 million of its patients had been compromised as well; that total is now almost 20 million. What we have been able…

Amazon CEO, Jeff Bezos, announced Amazon Prime Air, a delivery-by-drone initiative more than five years ago, and last week, Amazon revealed more information about its delivery system–the design. The Amazon delivery drone will use vertical takeoff and landing (VTOL) technology that is aerodynamic and “fully shrouded for safety.” Additionally, the drone features artificial intelligence to help it operate safely using sensors and advanced algorithms for detect-and-avoid capabilities while in flight. The drone’s artificial intelligence also…

Last week, the Federal Aviation Administration (FAA) issued Hensel Phelps Construction Co. a Part 107 unmanned aerial system (UAS or drone) waiver to operate a parachute-equipped drone over people. However, the FAA clarified that while it granted the wavier for the use it did not certify or approve the parachute or the parachute system itself. The FAA only made a determination as to the safe operation of the drone. This is the first time the…

Many individuals and not-for-profit organizations, including those in the health care industry, believe that they do not have the resources to update to the newest versions of software. However, the newest versions are introduced by manufacturers to patch older versions that have known security flaws and vulnerabilities. Microsoft Windows users have been warned repeatedly over the past several years to update to newer versions because of known security vulnerabilities that put the software and data…

When you next lie down to sleep, the bed may not your secrets keep. So-called “smart” beds, mattress pads, sleep apps, and fitness trackers with sleep options are collecting data on those who use them and sending that personal information back to manufacturers. The data gathered can include biometric information (i.e., heart rate, respiration), sleep positions, and movement (think about that one for a minute). Some even include microphones to track snoring. According to an…