The WannaCry ransomware, also known as Wanna Decryptor, WanaCrypt0r, WannaCrypt, Wana Decrypt0r and WCry, has infected more than 200,000 devices worldwide. The attacks affected banks, hospitals, ISPs, government agencies, transportation companies and manufacturing plants.
Murphy & McGonigle commend FINRA for seeking comment in the Special Notice published on March 21, 2017, regarding potential enhancements to its programs for engagement with its members, the public, and other interested parties, in fulfilling FINRA's self-regulatory responsibilities.
Businesses and regulators alike continued to scramble Monday to manage the fallout from a massive worldwide cyberattack and to figure out ways to prevent it from happening again. But experts say that a focus on collaboration and creativity, rather than trying to come up with a uniform global security standard, is likely to be the most attainable and effective path forward.
White collar defense attorneys are regularly confronted by new clients who seek representation where the client has told some version of his or her story to law enforcement agents before ever meeting with counsel. While Miranda warnings, aimed at providing prophylactic cautions to individuals, are ubiquitously disseminated throughout our society, in practice people generally relay an entire story to law enforcement officials without preparation, without prior consultation with counsel, and without being accompanied by a lawyer to protect their interests. Of course, where an individual is not subject to custodial interrogation, there is no obligation for law enforcement agents even to provide Miranda warnings.
Regulators and industry groups continue their efforts to understand blockchain technology and its implications for the securities, futures and related financial sectors. Importantly, regulators and industry groups have not yet advocated for or against any particular type of blockchain technology. Rather, efforts have largely centered on defining what, in the view of those regulators and industry groups, blockchain technology is, how it may be used in the financial services industry, and what the regulatory implications are for its use.
Steve Crimmins comments in Law360 article. - The U.S. Securities and Exchange Commission filed charges Monday against a whopping 27 respondents for disguising promotions as independent research in a move experts said is calculated to send a message the market can't ignore and could be a sign of more cases to come.