What’s happening? Georgia, the country, is placing some its wine production on blockchain allowing investors and enthusiasts to track provenance and buy and sell associated non-fungible tokens
Why is this important? First, NFTs are new, hot items. Secondly, the blockchain tracking of Provence will improve the reputation of Georgian wines and will be tied to its wine’s quality-assurance standard
How will this be important? The legislation beings together the wine industry, blockchain technology companies and customers.
What’s happening? The EU is adopting new rules requiring those who send and receive cryptocurrency to track senders and recipients
Why is this important? to keep track of dirty money transactions, which is largely the same rules that exist for wire transfers
How will this be important? These new rules can track down money launders and those who finance terrorism
What is happening? CT is starting an incentive program for businesses to adopt cyber security measures. HB 6607 (2021 | CT)
Why is this important? The goal is to “reward companies for creating and maintaining a written cybersecurity program with administrative, technical and physical safeguards to protect both personal information and the businesses’ confidential data.”
How will this be important? Companies will receive liability protection just like OH and UT.
Why is this important? Other states are going to start recognizing DAOs
How will this be important?
What’s happening? last year there was a 400% increase in ransomware. Cyber Insurance payouts top 70% of break even.
Why is this important? This means it is no longer not cheaper to not pay the criminals. Now the insurers pay the criminals.
How will this be important? Commerical premiums jumped 39% in March 2021. This is an intersection of a lot of funds and hackers.
What’s happening? Coca Cola has added Chief privacy officer to “define global privacy and legal personal data strategy.” The new privacy officer is also a she according to the link.
Why is this important? It wasn’t that long ago we started seeing Information officers and then Sustainability officers, and now Let’s welcome Data Privacy officers.
How will this be important? Coca Cola won’t be the first.
What’s happening? Colorado Governor signed SB 21-190 (2021 | CO) requiring companies to disclose how they use data; and giving Coloradans the right to opt out of data collection; “access, correct or delete” the data, or obtain a portable copy of the collected information
Why is this important? Colorados enforcement mechanism is to apply the Deceptive Trade Practices Act for enforcement.
How will this be important? Colorado is the 4th state to give its residents a Right to Privacy in their Data. 46 more states to approach the issue.
What’s happening? Ohio Republicans are proposing data privacy rights that would allow Ohioans to have the ability to have personal data deleted and request that it not be sold. Businesses would “adhere to specified data standards” & the Ohio Attorney General would have exclusive authority to enforce it. No “private right of action would exist”
Why is this important? Ohio lays out best practices for businesses.
How will it be important? The number of data breaches is only increasing.
What’s happening? Congress is considering No Biometric Barriers to Housing Act of 2021 that would ban biometric technology in most federally funded public housing
Why is this important? Lawmakers aren’t only in treated in the use of biometric software but also the rational behind using the software in the first place.
How will this be important? They say privacy protecting legislation is gaining steam in Congress.
What’s happening? In 2013 8 tech companies formed Reform Government Surveillance to lobby for surveillance reforms by opposing the “dragnet collection of Americans’ private data”
Why is this important? we’re talking about Apple, Facebook, Google, LinkedIn, Microsoft, Twitter, Yahoo and AOL, Amazon, Dropbox, Evernote, Snap and Zoom
How will this be important? A lobbying firm that runs the coalition decided that Evernote wasn’t active enough, so they removed its logo. The company says it’s still a member. This is a cautionary tale that tech companies, and tech media will notice tech changes.
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