Internet, IT & e-Discovery Blog

Social changes brought about by the Internet & Technology

Bitcoinnews.com reported that a US$200,000 “…deposit is required to take part, with bidders needing to register their interest in the sealed bid auction by 31 October. The official bid for the bitcoins will take place on 5 November.”  The October 19, 2018 report entitled “Us Department of Justice to Auction off 660 Bitcoins” included a link to the US Marshall’s notice “FOR SALE Approximately 660 bitcoins” from “forfeited in various federal criminal,…
Computerworld reported that “After launching a proof of concept earlier this year, IBM and Maersk have unveiled TradeLens, the production version of an electronic ledger for tracking global shipments; the companies say they have 94 participants piloting the system, including more than 20 port and terminal operators.” The August 17, 2018 report entitled “IBM, Maersk launch blockchain-based shipping platform with 94 early adopters” included the comments by IBM and Maersk “This data…
The Securities and Exchange Commission (SEC) filed a “complaint unsealed yesterday alleges that Blockvest falsely claimed its ICO and its affiliates received regulatory approval from various agencies, including the SEC.” The October 11, 2018 press release entitled “SEC Stops Fraudulent ICO That Falsely Claimed SEC Approval” included these statements: According to the SEC’s complaint, Blockvest and Ringgold, who also goes by the name Rasool Abdul Rahim El, were using the SEC seal without…
Bloomberg News reported that “The attack by Chinese spies reached almost 30 U.S. companies, including Amazon and Apple, by compromising America’s technology supply chain…”. The report entitled “The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies” and included these details: In 2015, Amazon.com Inc. began quietly evaluating a startup called Elemental Technologies, a potential acquisition to help with a major expansion of its streaming video service, known today as Amazon Prime…
The Washington Post reported that the new California Net Neutrality law “prohibits carriers from demanding special new fees from websites, and it bars Internet providers from selectively exempting their preferred apps from customer data caps.” The October 1, 2018 article entitled “The battle lines are already taking shape in California’s legal fight with DOJ over net neutrality” included these comments given the FCC roll back of the Net Neutrality in 2017: The Justice…
Computerworld.com reported that while “blockchain-based payment networks could help eliminate central authorities and their accompanying fees for cross-border transfers, banks and other enterprises see risks.” The September 25, 2018 article entitled “Banks remain wary of blockchain-based electronic payment networks”included these comments from Fabio Chesini (Gartner research director for transaction banking): Using a new infrastructure rail based on blockchain by using them for messaging [does] not have a clear business case for banks when…
Darkreading.com reported that after substantial cooperation with the FBI that the three “…men charged with creating and managing the Mirai botnet have pleaded guilty to conspiracy to violate the Computer Fraud & Abuse Act and have been sentenced to a five-year period of probation and 2,500 hours of community service.” The September 19,2018 report entitled “Mirai Hackers’ Sentence Includes No Jail Time” included a link to the Department of Justice News Release “…
My friend Judy Greenwald reported for BusinessInsurance.com that “Silent cyber, cyber losses that affect insurance policies not specifically designed to cover cyber risk” was significant and that a “survey of close to 700 participants from more than 100 insurance companies found that in 2017, fewer than half of respondents estimated the silent cyber risk to be greater than one cyber-related loss for every 100 non-cyber related losses.” The September 17, 2018 report entitled “Threat
Reuters reported about “Bitkom surveyed 503 top managers and security chiefs from across Germany’s manufacturing sector” and reported that “Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion),…”. The September 13, 2018 article entitled “Cyber attacks cost German industry almost $50 billion: study”included these details: German security officials have long been sounding the alarm about the risk of well-resourced…
The-Blockchain.com reported that  as “…blockchain technology has the potential to transform the business landscape and make its mark across many different sectors, it is imperative that policymakers become more accommodating with the development and adoption of blockchain technology.”  The September 11, 2018 article entitled “EU Holds Off on Crypto Regulation” was not limited to cryptocurrencies and that: EU Finance ministers who gathered in Vienna last week have agreed to slow down and not…