Modern cloud computing only came into existence about 20 years ago, but now virtually all enterprises (99%) are using cloud services. Cloud adoption accelerated further in the last two years because of the COVID pandemic as a result of an increase in remote work, the evolution of online business strategies…
Internet & Social Media Law Blog
Buying Real Estate in the Metaverse: Wallets, Fees and Terms of Service
Anyone who has ever been involved in a real estate purchase knows how complicated the process can be. Determining where and what one wishes to purchase, deciding how best to finance the transaction, even knowing exactly why buying something makes sense in the first place—there can be a lot to…
News of Note for the Internet-Minded (3/11/22) – AI Tools, NFT Trading and Ransomware Misdeeds
Is Russia’s invasion of Ukraine altering the landscape of the internet? Can AI help historians decipher ancient texts? How did two siblings allegedly use a digital token to defraud investors? Explore this and more in today’s News of Note. As AI gets better at interpreting human emotions, how is it…
When It Comes to Copyright Applications, Honest Mistakes Can Still Hurt You
The U.S. Supreme Court’s recent decision vacating the Ninth Circuit’s ruling in Unicolors, Inc. v. H&M Hennes & Mauritz, L.P., was a win for authors who, during the copyright application process, unwittingly submit inaccurate information to the U.S. Copyright Office (e.g., because they did not understand the law, and/or were not assisted…
News of Note for the Internet-Minded (3/2/22) – AR Defense Systems, VR Adventures and Defrauding Bots
This week’s News of Notes includes a controversial use of facial recognition technology, stories highlighting AI’s role in both energy production and consumption, the continued use of ransomware and bots for criminal purposes, and more. Is neuromorphic computing the answer to AI’s energy woes? (Allison Whitten, Quanta Magazine) UK tax…
Protect, Mitigate and Recover: Making Your Company Ransomware-Resistant
As is the case with many types of cybersecurity threats, shielding one’s company from ransomware attacks calls for measures that simultaneously build the strongest protections possible while also adopting mitigation strategies that assume those measures will fail. Here are some essential steps that can lessen a company’s vulnerability while also…
First-of-Its-Kind Settlement Brings Clarity for Players in Retail Crypto Market
On February 14, the Securities and Exchange Commission (SEC) announced that it had entered into a settlement with BlockFi Lending LLC, a subsidiary of BlockFi Inc., (collectively BlockFi) over first-of-its-kind charges that BlockFi had failed to register the offers and sales of its retail crypto lending product, BlockFi Interest Accounts…
News of Note for the Internet-Minded (2/17/22) – Metaverse Gambling, Vanishing NFTs and AI Gaming
Apple’s portal to the metaverse could be nearing, Sony’s AI ups its game(play), a hospital resorts to pen and paper to thwart ransomware, and more in this week’s News of Note! Sony’s AI bests top human competitors in racing game Gran Turismo. (James Vincent, The Verge) Russia moves to regulate…
Shifting Landscapes and Veiled Identities: The Usual Suspects Behind Ransomware Attacks
The actors behind ransomware tend to fall into two categories: cybercriminal gangs, often based in Eastern Europe, and groups backed by economic outcasts like Iran, Russia and North Korea. Historically the first prefer a shotgun approach; the second behave more like snipers. Here are a few of the groups that…
Department of Treasury Study Addresses NFTs, Online Platforms and the Emerging Digital Art Space
Last week, the U.S. Department of the Treasury released a report entitled “Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art” that discussed risks in the art sales ecosystem, ranging from high-value traditional art to NFTs and online sales platforms. Section 6110(c)…