European Commission Proposes New Cyber Security Agency

Announcements, Crime, News | September 21, 2017 By:

The European Commission is gearing up to propose new penalties for cyber crimes involving cryptocurrencies. As part of that, the EU’s executive arm said it would create a new cyber security agency to fight back against hackers.

“The proposed directive will strengthen the ability of law enforcement authorities to tackle this form of crime by expanding the scope of the offences related to information systems to all payment transactions,

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SEC Chairman on Cyber Security: “There Will Be Intrusions, Including The SEC”

Announcements, News, Regulation | September 21, 2017 By:

US Securities and Exchange Commission Chairman Jay Clayton has issued a statement highlighting the importance of cyber security to the agency and market participants, and detailing the agency’s approach to cyber security as an organization and as a regulatory body. Most prominent was Clayton noting that cyber intruders may have traded on information obtained by a hack of the SEC.

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Swiss Miss: Agency Closes Down Faux E-Coin

Crime, News, Regulation | September 20, 2017 By:

E-Coin is no cryptocurrency, according to Swiss officials. The regulators have shut-down a bogus crypto called “E-Coin” that generated $4.2 million (4 million Swiss francs) in revenue for its creators.

The Financial Market Supervisory Authority of Switzerland (FINMA) closed down the site after discovering it didn’t have the required banking license.

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