While China's target was the U.S. government in this instance, the defendants' alleged conduct and methodologies illustrate security risks and compliance challenges faced by private U.S. entities and their personnel related to insider threats and corporate espionage.
Decentralized-finance protocols, especially cross-chain bridges used to transfer tokens across blockchains, have emerged as one of crypto's weakest links after several large hacks this year.
"The commission should balance the information necessary to ensure investors are kept informed against any burdens placed on public companies based on their size."
Where public companies are likely to see continued expansion of cyber-related enforcement activity, and practical implications of the enforcement trend.
Although it appears relatively seamless (and perhaps beneficial) to the end user, the shift to the cloud brings a seismic change in terms of ownership of the technology components and ultimate control of the data.
As the risk of cyberattacks grows, and procuring cyber insurance coverage becomes more difficult, policyholders have tried to rely on non-cyber policies to cover their cyber-related losses.
