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Latest from Internet, IT & e-Discovery Blog reported that “The latest edition of the ISMG Security Report discusses how ransomware-as-a-service groups are shifting their business models, how investigators battling cybercrime have been hindered by GDPR, and how employees consider workplace “choice” a key factor for job satisfaction.”  The August 25, 2022 article entitled “Are Ransomware-as-a-Service Groups in Decline?” included

My good friend Judy Greenwald reported for that “Lloyd’s of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week.”  The August 18, 2022 article entitled “Lloyd’s requiring state-backed cyberattack exclusions” included these comments from my friend Judy Shelby reported that “Organizations lack sufficient levels of cyber-insurance coverage to protect themselves in case of a ransomware attack, with just 14% of businesses with 1,400 or fewer employees boasting coverage limits above $600,000.”  The August 11, 2022 article entitled “Cyber-Insurance Fail: Most Businesses Lack Ransomware Coverage” included these comments about a “BlackBerry reported that the “…U.S. Federal Trade Commission today initiated a potentially years-long attempt to impose new data security and privacy regulations onto the American economy.” The August 11, 2022 article entitled “FTC Initiates Privacy and Data Security Rule-Making” included these comments from FTC Chair Lina Khan:
A significant majority of Americans today reported about BitMEX that “A high-ranking employee at a cryptocurrency exchange with U.S. operations has pleaded guilty to violating the Bank Secrecy Act [BSA]. The law requires financial institutions to help U.S. government agencies prevent money laundering.”  The August 9, 2022 article entitled “Fresh Guilty Plea Follows Crackdown on BitMEX Exchange” included reported that “Smartphone investing app Robinhood Markets will pay New York financial regulators $30 million to settle findings that its cryptocurrency trading division had poor cybersecurity and failed to monitor for illegal transactions.”  The August 2, 2022 article entitled “New York Nabs $30M From Robinhood Crypto in Regulatory Fine” included these comments: