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By Securities Docket on February 6, 2018, 12:30 pm
Lloyd’s of London, the world’s oldest insurance market, has warned that financial and other companies are still not taking strong enough measures to defend themselves against serious cyberattack. In Hong Kong this week, taking part in the Asian Financial Forum, its Chief Executive Inga Beale said a malicious hacker who takes down a single cloud […]
By Securities Docket on February 6, 2018, 10:12 am
The astonishing bitcoin bubble may have burst over the last several days. From its intraday peak in December 2017 of $19,783, the price for bitcoin had fallen as of Saturday to $8,524, a decline of over 60%. (Price declines continued on Monday.) Bitcoin’s price has fallen before and it has generally proven to be volatile. […]
By Securities Docket on February 6, 2018, 9:59 am
At least six teams of lawyers are competing for the top leadership posts in the lawsuits brought over Equifax Inc.’s massive data breach. Four proposed slates, ranging from seven to 12 lawyers, have filed motions to lead the class actions filed by consumers. Equifax revealed last year that more than 145 million of its customers […]
By Securities Docket on February 6, 2018, 9:53 am
The chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission have been talking a big virtual currency regulation game lately but the Senate’s banking committee will see on Tuesday if they’ve got the actions to back up it up. Idaho Republican Sen. Michael Crapo and ranking member Sen. Sherrod Brown, a […]
By Securities Docket on February 6, 2018, 9:41 am
The Securities and Exchange Commission is expanding its focus from the companies developing initial coin offerings to the hundreds of lawyers who are guiding them through regulatory gray areas. The industry argues it doesn’t fit neatly into existing legal frameworks as global regulators consider whether virtual tokens might be securities — which require strict regulatory […]
By Securities Docket on February 6, 2018, 8:55 am
Get caught up with the Cybersecurity Docket News Wire for February 5, 2018.