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FERC Clarifies FAST Act Regulations and Proposes Rules on Geomagnetic Disturbance Events

FERC has clarified its regulations implementing the Fixing America’s Surface Transportation Act (FAST Act) related to Critical Energy/Electric Infrastructure Information (CEII). In Order No. 833-A, issued May 17, 2018, FERC clarified that it would consider “public safety benefits” in evaluating a request for CEII, and that its CEII Coordinator may solicit input from affected parties in...

Helping it click into place – Our monthly Asia cybersecurity update

During 2017, cyberattacks continued to evolve and develop sophistication, exploiting both previously unidentified vulnerabilities and known vulnerabilities in new ways. Ransomware attacks such as Petya and WannaCry put critical functions across the world and across industries on hold, while the Mirai botnet attack, unleashed in late 2016, highlighted the increasing vulnerabilities of...

Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’

Virtual currency, such as bitcoin, is an unregulated digital form of currency that can be used as a substitute for legally recognized currency and eliminates the so-called “middle-man,” which includes banks and clearing houses. Learn more.

Tech Giants Brace for Europe’s New Data Privacy Rules

With the deadline for the new rules now just a few months away, Silicon Valley’s tech behemoths have been scrambling to get ready. Facebook and Google have deployed hundreds of people to make sense of the regulations. Many of the companies have overhauled how they give users access to their own privacy settings. Some have redesigned certain products that suck up too much user data. And...

Mnuchin: Bitcoin firms subject to anti-laundering rules

Treasury Secretary Steven Mnuchin on Friday warned traders and firms offering services related to cryptocurrencies like bitcoin that anti-money-laundering and know-your-customer rules apply to them — and regulators are watching closely. Learn more.

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