The Treasury Department continues to investigate sanctions violations by crypto exchange companies in whether their crypto exchange allows users in sanctioned countries to buy and sell digital tokens. For example, The Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 as reported by NY Times. It appears that Kraken would be … Read more
The Department of Labor’s (DOL) release of cybersecurity best practices for plans covered by the Employee Retirement Income Security Act (ERISA) makes it clear that plan sponsors, service providers, and participants share responsibility for protecting plan accounts. The guidance, which includes tips for hiring service providers, cybersecurity program best practices, and online security tips, provides … Read more
In March of this year, the Securities and Exchange Commission (SEC) proposed a set of rules and amendments that the agency expects will strengthen the financial sector’s defense against cyberattacks. They seek to standardize disclosures and admissions of material cybersecurity incidents and improve visibility into a company’s cybersecurity risk management and governance policies to better inform investors. … Read more
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