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

Thu Oct 7 15:15:35 EDT 2021

I will try to pull up to 250 of SN if my player will let me. Looks like 1 episode I can learn from. We all can learn something from. SN but I was wondering where I should begin. I needed a good starting place. Thank you so much. 
Sent from Yahoo Mail on Android 

  On Thu, Oct 7, 2021 at 11:27 AM, Jared Rimer via Thesecuritybox<thesecuritybox at 986themix.com> wrote:   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 
info. Shows are on Wednesdays, Saturdays and Sundays
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⁡_wl=ym⁡_sub1=Internal⁡_sub2=Global_YGrowth⁡_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
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