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Steptoe Cyberblog

Tag Archives: financial institutions

Steptoe Cyberlaw Podcast – Interview with Tim Maurer

Posted in Data Breach, International, Security Programs & Policies

Episode 164: Stewart on the Road to Tarsus Episode 164 features Stewart Baker’s startling change of heart on the question of cyberspace norms. Credit goes to our interview guest, Tim Maurer, Fellow and co-director of the Cyber Policy Initiative at the Carnegie Endowment for International Peace. And perhaps as well to Brian Egan, former Legal… Continue Reading

FinTech Bits: Outlook for 2016

Posted in Blockchain, Virtual Currency

CoinDesk, a leading source for bitcoin and FinTech news, published an op-ed by Jason Weinstein and Alan Cohn on “4 Trends That Will Shape Bitcoin Regulation in 2016.”  The piece identifies emerging developments in the fast-changing world of digital currency regulation. Now that multiple federal agencies have outlined their regulatory mandates, expect increased ‘regulation by… Continue Reading

Why Bitcoin Is Good for Law Enforcement

Posted in Blockchain, Virtual Currency

IAPP published my op-ed today on “Why Bitcoin is Good for Law Enforcement.”  In it I discuss how with every advance in technology, criminals are early adopters, and law enforcement has to play catch-up.  Bitcoin and its underlying blockchain technology are just the latest examples.  But the blockchain actually provides significant benefits to law enforcement… Continue Reading

Lessons From the New York ATM Heist

Posted in Cybersecurity and Cyberwar, Data Breach, International, Security Programs & Policies

The announcement yesterday of charges in New York against eight members of a cybercrime ring that stole $40 million from ATMs in 24 countries, all within 10 hours, is the latest in a series of episodes that illustrate the constant threat of cyber attacks against our corporate networks. This case should be a wake-up call… Continue Reading

The Question of ‘International Law of Cyberwar’

Posted in Cybersecurity and Cyberwar, International, Security Programs & Policies

Will international law and diplomacy limit cyberwar? Those who believe in international “norms” for cyberwar usually argue that cyberattacks on financial institutions are beyond the pale. For example, Harold Koh has declared the State Department’s view that cyberwarriors “must distinguish military objectives … from civilian objects, which under international law are generally protected from attack.”… Continue Reading

Iran Targets US Banks, While Privacy Groups Target NSA

Posted in Cybersecurity and Cyberwar, Data Breach, Security Programs & Policies

The wave of service disruptions to several major US financial institutions are widely attributed to Iran. These distributed denial of service attacks have grown so serious that US banks have asked the National Security Agency for help. However, privacy advocates tell us who we should really be worried about: “’The dual mission of the NSA,… Continue Reading

White House Private Sector Botnet Initiative

Posted in Cybersecurity and Cyberwar, Privacy Regulation, Security Programs & Policies

The White House today announced a pilot program to be led by the Financial Services Information Sharing and Analysis Center in which ISPs will share data about botnets with financial institutions. ISPs also announced a set of principles for fighting botnets. This is a positive announcement. You shouldn’t be engaged in online banking if your… Continue Reading