By: Josh Cervantes
In the final weeks of 2018, Congress broke through an endemic gridlock and passed into law H.R.6227, better known as the National Quantum Initiative Act (NQIA). The NQIA signals the entry of the US into the nascent, but already contested field of quantum communications, and pits the US against its greatest strategic competitor, China. The European Union has also launched its own billion-euro program, dubbed the Quantum Flagship, further illustrating the urgency with which global powers are entering into the quantum communications arena.
Quantum communication is a field of applied quantum physics utilized in ultra-high security applications that offer unparalleled levels of data security, integrity, and intrusion detection. It allows enormous amounts of light photons, which are used to transmit data through fiber-optic cables, to assume multiple combinations of 0’s and 1’s simultaneously. The particles of 0’s and 1’s are called qubits, and their extremely fragile state means that if a hacker were to intercept the communications they would collapse and assume a value of either 0 or 1, showing that the data was tampered with. This contrasts with traditional data transmission, which uses values of either 0 or 1 to convey specific data, allowing hackers to more easily ascertain the content of a specific message. Continue reading “A Quantum Leap: Washington Bets Big On “Hack-Proof” Technology to Secure Communications”
ISPLS’s biggest event of the year is officially announced. The Symposium on Government & Corporate Responsibility in a Data Driven World will be held Wednesday, March 20th from 9:00am – 3:00pm at the Washington College of Law in room NT01.
Stop by to hear from experts in the field of digital privacy. Topics covered include Supply Chain Risk Management and Software component transparency; the use of Biometrics, and the Roles of Platforms in proper Data Governance. Speakers include industry leaders from Consumer Advocacy Groups, Corporations, Government, Law Firms, and Think Tanks.
This is a great opportunity to hear from thought leaders and network with professionals. Breakfast and Lunch will be provided.
Click here for more information Privacy Symposium
By Soniya Shah
It’s no secret that attacks on the security of data and privacy are occurring with increasing frequency, which is alarming no matter what the data is. However, healthcare is one of the most frequently targeted sectors, and among those least equipped to handle when an attack happens, with data breaches that cost the industry about $5.6 billion a year. Particularly, attacks on medical devices pose a new concern in the Internet of Things world. Healthcare organizations have a higher sense of urgency is accessing their systems, since patient data can be time-sensitive. It’s creepy to think that a pacemaker or MRI scanner could be affected with malware. Malware software can do anything from deleting data to copying it, with a wide range of what can happen in between, including corrupting the data, extorting it, and modifying it. It’s easy to see why criminals would want to take advantage of this kind of information. Medical records contain the most intimate details about a person and that information can be used in identity theft. Continue reading “Cybersecurity and the Future of Medical Devices”
By: Soniya Shah
It’s the happiest place on Earth. Until a data breach breaks the magic. Walt Disney was a pioneer of the future and all that it would bring. When designing Tomorrowland in Disney’s Magic Kingdom, engineers channeled the optimism Walt Disney felt for the future. With all his hope for the future of technology, it is hard to imagine Disney predicting data breaches. And yet that’s exactly what’s happened.
By: Eitan Morris
Globalization and technology have led to increases in opportunity and connectivity for individuals and businesses around the globe. In response to the increasingly porous nature of technological barriers, many countries are attempting to exert control through regulation. A common method of regulation is through the implementation of data localization legislation. Data localization is the requirement that data about a country’s citizens or residents be collected, processed, and/or stored on servers physically located in-country. Placing limitations on the cross-boarder transfer of data can have consequences across economic sectors. For these reasons, data localization regimes have been called into question. One key example is Canadian provincial data localization laws which have become a hotly contested element in the e-commerce section of the current North American Free Trade Agreement (NAFTA) renegotiations.
By: Alvaro Maranon
Bitcoin’s popularity has gathered global momentum over the past year, with its unprecedented increase in value that saw its all-time high break the $20,000 mark. With money being made, two questions naturally arose – what exactly are cryptocurrencies and how can they be regulated to protect the players involved? Cryptocurrencies became possible with the development and creation of the Blockchain, and subsequently led to the development of Bitcoin and other cryptocurrencies, ranging from alternative fiat-based currencies to a satirical open source peer-to-peer digital currency based upon the use of Shiba Inus.
On February 6, 2018, the Committee on Banking, Housing, and Urban Affairs held an open session solely focused on Virtual Currencies and the oversight role of the SEC and CFTC. The Chairman of the SEC, Jay Clayton, and the Chairman of the CFTC, Christopher Giancarlo, acknowledged the rapid development and importance of the cryptocurrency market but in turn cautioned investors of the dangers with it being unregulated. Mr. Clayton identified three main takeaways: 1) these are not “currencies” in the traditional meaning and are closer to securities; 2) Initial Coin Offerings (ICOs) have not been registered with the SEC and will be considered as the sale of securities; and 3) be weary of ICOs as they are prone to money-laundering schemes, digital hacks, and “pump and dumps.” Ultimately this hearing marked the first of many hearings aimed at informing regulators of the landscape and how to regulate it.