Editor’s Note: See Cigarette Smuggling and Cyber Security: Low-Tech Crimes Fund High-Tech Threats.
How Dirty Money Disappears Into the Black Hole of Cryptocurrency
From: The Wall Street Journal
From: FCW
By Mark Rockwell
The Transportation Security Agency has the authority to regulate cybersecurity of natural gas and oil pipelines, but many lawmakers and stakeholder are starting to wonder whether that is the best arrangement, considering the vulnerability of infrastructure to remote attacks directed via industrial control systems.
In particular, some lawmakers have objected to TSA’s oversight because its cybersecurity standards are voluntary for industry, despite possessing the authority to lay down mandatory rules. This differs from the electrical sector, which is subject to mandatory standards imposed by the Federal Energy Regulatory Commission.
From: BankInfoSecurity
Plus, GDPR’s Impact on Class Action Lawsuits
Leading the latest edition of the ISMG Security Report: The reaction to the recently released White House cybersecurity strategy.
In this report, you’ll hear (click on player beneath image to listen):
- Executive Editor Marianne Kolbasuk McGee summarize the reactions frrom security experts who analyzed the Trump administration’s cybersecurity strategy;
- Executive Editor Mathew Schwartz discuss with attorney Jonathan Armstrong the impact of the EU’s General Data Protection Regulation on class action lawsuits, and the likelihood some could be quickly settled.
From: E&E News
Blake Sobczak, E&E News reporter
North American grid regulators share the U.S. government’s misgivings about Moscow-based cybersecurity company Kaspersky Lab, according to a confidential alert sent to the power sector last year.
On Oct. 5, 2017, the North American Electric Reliability Corp. issued a rare “Level 2” cybersecurity recommendation — one of just three such warnings since 2013 — covering power utilities’ potential use of Kaspersky anti-virus software, sources confirmed to E&E News. NERC is responsible for setting and enforcing security rules for the bulk U.S. power grid.
From: Cnet
The proposal will likely shape how federal lawmakers draft any future legislation on privacy.
On Tuesday, the Department of Commerce released a request for public comments as it outlined the Trump administration’s approach to consumer data privacy.
In the proposal, the National Telecommunications and Information Administration, a branch under the Commerce Department, recommended privacy regulations focused on giving users control over how their data is used by tech companies.