[The security box] US to increase scrutiny on cryptocurrency, federal contractors in effort to slow hacking

[Jared Rimer]

Jennifer,

Crypto can't be tracked unless its through the traceable ledger of 
transactions.  You only see the amount, and the wallet details from what 
I understand of this ordeal.  With that said, I don't know how it can be 
taxed since it isn't owned by anyone.  It was created by a guy, but I 
don't think he's involved in it anymore.  Security Now talks about this 
in full detail I believe in episode 250 which was done many years ago. 
A lot has changed by now, but it is not taxable because it can't.

Jared Rimer
Check out my shows on 986 the mix. www.986themix.com/schedule for more 
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Wednesday's show is on the independent channel. Check schedule for time
www.jaredrimer.net for my other site.

On 10/7/2021 5:02 AM, Jennifer Martinez via Thesecuritybox wrote:
> Good morning! No, not happy to be up so early. But since I am, I decided 
> to read some. Even at 4 a.m. my brain is on. Like the Energizer Bunny my 
> brain keeps on going and going. Yes, I even thought of a great question. 
> Crypto, since it is so dirty...its probably not a bad idea...to TAX. 
> Crypto cash like you would tax most other income. Sorry folks. I'm not 
> making sense this early. Perhaps, if.crypto. becomes taxable, the 
> criminal community may be deterred from using it? Then, if taxes on 
> crypto are not paid...and we all know...dirty criminals do NOT, most of 
> them WILL NOT PAY TAXES. That being said, they could later be charged 
> with TAX EVASION and go away for not paying raves on their crypto riches.
> Sent from Yahoo Mail on Android 
> <https://go.onelink.me/107872968?pid=InProduct&c=Global_Internal_YGrowth_AndroidEmailSig__AndroidUsers&af_wl=ym&af_sub1=Internal&af_sub2=Global_YGrowth&af_sub3=EmailSignature>
> 
>     On Wed, Oct 6, 2021 at 9:22 PM, Jared Rimer via Thesecuritybox
>     <thesecuritybox at 986themix.com> wrote:
> 
>     US to increase scrutiny on cryptocurrency, federal contractors in
>     effort to slow hacking
>     Cyberscoop »   /  Tim Starks
> 
>     <https://www.cyberscoop.com/lisa-monaco-alejandro-mayorkas-doj-tsa-cryptocurrency-air-rail-cyber-fraud-initiative/>
> 
>     U.S. officials unveiled a suite of cybersecurity initiatives
>     Wednesday, from cracking down on illicit cryptocurrency usages to
>     increasing transparency about data breaches, as part of an ongoing
>     White House effort to slow rampant cybercrime.
> 
>     The Justice Department signaled it will increase its focus on
>     illicit use of virtual money, which is frequently used in ransomware
>     attacks, and move to punish federal contractors that hide security
>     incidents. In a separate plan, the Transportation Security
>     Administration this year will require top air and rail
>     transportation companies to report cyberattacks to the government,
>     name an internal cyber chief capable of corresponding about cyber
>     incidents and develop a plan for recovering from attacks.
> 
>     Deputy Attorney General Lisa Monaco unveiled two initiatives: a
>     national cryptocurrency enforcement team and a civil cyber fraud
>     initiative. Ransomware and cryptocurrency are “inexorably linked”
>     because of the anonymity that cryptocurrency payments help afford,
>     Monaco said at the Aspen Cyber Summit.
> 
>     “We want to strengthen our capacity to dismantle the financial
>     ecosystem that enables these criminal actors to flourish, quite
>     frankly, and to profit from what they’re doing,” Monaco said. “And
>     we’re going to do that by drawing on our cyber experts and cyber
>     prosecutors are money laundering experts.”
> 
>     Elsewhere, Department of Homeland Security Secretary Alejandro
>     Mayorkas  announced the TSA requirements, which expand on
>     regulations the agency has already put in place for pipeline
>     operators
>     <https://www.cyberscoop.com/tsa-cyber-regulations-colonial-pipeline/>.
> 
>     The plans are the latest moves by the Biden administration to take
>     action on ransomware <https://www.cyberscoop.com/tag/ransomware/>
>     after major attacks this summer on Colonial Pipeline, JBS and
>     Kaseya. They come days after the White House announced another plan
>     to convene 30 nations to tackle ransomware collectively
>     <https://www.cnn.com/2021/10/01/politics/blinken-cybersecurity-alliance/index.html>.
> 
>     The second DOJ initiative will make use of the False Claims Act,
>     which authorizes what Monaco deemed “very, very hefty fines” for
>     government contractors, when they skirt federal cyber guidelines or
>     fail to disclose breaches. The focus comes after suspected Russian
>     hackers breached the federal contractor SolarWinds
>     <https://www.cyberscoop.com/solarwinds-cyber-command-dhs-russia/> in
>     2020, using the federal contractor as a foothold into nine U.S.
>     agencies.
> 
>     “For too long, companies have chosen silence, under the mistaken
>     belief that it’s less risky to hide a breach than to bring it
>     forward and to report it. Well, that changes today,” she said. “We
>     are announcing for the first time that we will use our civil
>     enforcement tools to pursue companies — those who are government
>     contractors and receive federal funds — when they fail to follow
>     required cybersecurity standards, because we know that puts all of
>     us at risk.”
> 
>     The federal government won’t tolerate “those who are entrusted with
>     government dollars, who are trusted to work on sensitive government
>     systems, [who] fail to follow required cybersecurity standards,”
>     Monaco said.
> 
>     She also said the department would take steps to protect
>     whistleblowers who report those failings. Monaco also wrote an op-ed
>     published by CNBC Wednesday
>     <https://www.cnbc.com/2021/10/06/deputy-ag-congress-must-create-standard-to-encourage-companies-to-report-cyberattacks.html>
>     encouraging Congress to act on legislation requiring companies to
>     report attacks.
> 
>     Speaking at the Billington CyberSecurity Summit, Mayorkas unveiled
>     the requirements on air and transport companies. TSA put in place
>     similar mandates on pipeline operators in May following the Colonial
>     Pipeline ransomware attack
>     <https://www.cyberscoop.com/colonial-pipeline-ransomware-senate-hack/>.
> 
>     “Mirroring those steps … TSA is now laying the foundation for more
>     secure and resilient aviation and surface transportation sector,” he
>     said.
> 
>     Mayorkas signaled future plans for more such rules: “TSA will expand
>     the covered entities gradually to other relevant entities in
>     consider additional measures.”
> 
>     A rail industry group, the Association of American Railroads, took
>     issue with Mayorkas’ rollout of the plan, saying industry only had
>     three days to evaluate and respond to the proposal, which included
>     many things the industry is doing already, according to the group.
> 
>     “AAR hopes the substantive comments provided will be thoroughly
>     considered in the decision on whether to proceed with the directive
>     and to ensure any actions taken enhance, not hinder, coordinated
>     cybersecurity efforts,” a spokesperson for the group said.
> 
>     The second DOJ initiative and new TSA steps reflect the ongoing push
>     <https://www.cyberscoop.com/warren-ross-ransomware-notification-bill/>
>     within the Biden administration and in Congress to mandate that a
>     larger swath of companies report major hacks and cyberattack-related
>     information to the federal government.
> 
>     *Updated, 10/6/21:* /to include commentary from the Association of
>     American Railroads./
> 
>     The post US to increase scrutiny on cryptocurrency, federal
>     contractors in effort to slow hacking
>     <https://www.cyberscoop.com/lisa-monaco-alejandro-mayorkas-doj-tsa-cryptocurrency-air-rail-cyber-fraud-initiative/>
>     appeared first on CyberScoop <https://www.cyberscoop.com>.
> 
> 
> 
>     Original Article:
>     https://www.cyberscoop.com/lisa-monaco-alejandro-mayorkas-doj-tsa-cryptocurrency-air-rail-cyber-fraud-initiative/
>     <https://www.cyberscoop.com/lisa-monaco-alejandro-mayorkas-doj-tsa-cryptocurrency-air-rail-cyber-fraud-initiative/>
> 
> 
> 
>     Jared Rimer
>     Check out my shows on Saturdays and Sundays right here on the mix.
>     Www.986themix.com for more details. Jared Rimer
>     Check out my show on www.986themix.com from 7 pm to 10 pm where we
>     play Magnatune and other indipendant artists
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