Category «Cybercrime»

Protecting the Vulnerable: Navigating Online Risks for Minors

Veronica Garrick’s paper is an insightful, factual and timely discussion of how in today’s digital age, minors are exposed to technology at a young age, presenting both great opportunities and risks. Online risks include data privacy breaches, access to inappropriate, cyberbullying, and online child predators. These challenges can have negative long-lasting effects, including privacy, mental, emotional, and physical safety. Addressing these risks associated with increased technology among minors requires a collaborative effort across many sectors. If communities, government, law enforcement, online platforms, and tech companies work together, they can minimize these risks. Once they start prioritizing online safety and implementing new safeguards, children can explore the digital world securely and safely.

Subjects: Congress, Cybercrime, Cyberlaw, Cybersecurity, Federal Legislative Research, Government Resources, Legal Research, Privacy, United States Law

Pete Recommends – Weekly highlights on cyber security issues, June 29, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: AI Tools Make It Easy to Clone Someone’s Voice Without Consent; Red Tape Is Making Hospital Ransomware Attacks Worse; Interpol Arrests Almost 4,000 People in Crackdown on International Online Scams; Zero-Day Exploits: Definition & How It Works (With Examples); and U.S. Bans Kaspersky – Here Are the Best Antivirus Alternatives.

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System, Privacy

AI in Banking and Finance, June 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Financial regulators have ‘insufficiently’ addressed hedge funds’ use of AI, report says; 2024 Conference on Artificial Intelligence & Financial Stability; Two AI Truths and a Lie; The Simple Macroeconomics of AI; and The rise of AI at JPMorgan Chase.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Education

Pete Recommends – Weekly highlights on cyber security issues, June 15, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Want free and anonymous access to AI chatbots? DuckDuckGo’s new tool is for you; Windows Recall is changing in 3 key aspects after user backslash; Harvard, MIT and Wharton research reveals pitfalls of relying on junior staff for AI training; AI in law enforcement is risky, but holds promise; and The NSA’s guide to keeping your phone and yourself safe.

Subjects: AI, Cybercrime, Cybersecurity, Education, Legal Research, Privacy, Technology Trends

Pete Recommends – Weekly highlights on cyber security issues, June 8, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: The Ticketmaster Data Breach May Be Just the Beginning; The Snowflake Attack May Be Turning Into One of the Largest Data Breaches Ever; You Should Browse With Incognito More Often: Here’s Why; and How algorithms, influencers, and users work together to spread misinformation.

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System, Legal Research, Privacy, Search Engines

Ransomware in the Digital Age: Multidisciplinary Legal Strategies for Minimizing Cryptocurrency Ransom Payments

The year 2023 witnessed an unprecedented escalation in ransomware attacks, affecting users from homeowners to critical infrastructure like healthcare, education, and government. With over 5,200 reported incidents—a 74% increase from the previous year—ransomware has not only intensified in frequency but also sophistication and financial demands, with total payments exceeding $1 billion. This surge highlights the value of data and the increasing likelihood that victims will pay ransoms, often facilitated by cryptocurrencies like Bitcoin. Cryptocurrencies have played a pervasive role in the rise in ransomware attacks due to their anonymity and ability to facilitate cross-border payments. Jawad Ramal explains how using cryptocurrencies to facilitate ransom payments offers complex challenges due to their high transaction costs and regulatory ambiguities that complicate compliance efforts. The pervasive role of cryptocurrencies in ransomware attacks underscores the necessity for multi-disciplinary legal professions that are capable of utilizing blockchain analytic tools, financial hedging techniques, and general knowledge of the evolving cryptocurrency space. Instituting safe harbor provisions would also ensure that victims do not face the threat of prosecution after making ransom payments.

Subjects: Blockchain, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Education, Legal Research

AI in Finance and Banking – May 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: Banks could lose $40 billion from fraud with the help of AI, Deloitte predicts; Mastercard’s AI system is helping banks keep fraudsters in check — and it could save millions of dollars; Measuring Development 2024: AI, the Next Generation; Gita Gopinath: Crisis Amplifier? How to Prevent AI from Worsening the Next Economic Downturn; JPMorgan is making a big bet on AI. Here’s how its private bankers are using it; Will banking’s increasing turn toward AI level the playing field or widen the gap between big and small banks?; and Artificial intelligence (AI) act: EU Council gives final green light to the first worldwide rules on AI.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Legal Research