On the heels of a cyberattack on Twitter this summer, the New York State Department of Financial Services (DFS) called for a dedicated regulator to oversee big social media platforms. In a 37-page report, the department described the July 15 attack in which accounts of Barack Obama, Joe Biden, Jeff Bezos, Elon Musk and others were hacked and used to promote a cryptocurrency scam. Three people have since been charged with posing as employees to launch that attack, which relied on relatively simple tactics. Continue reading New York State Calls for a Dedicated Social Media Regulator

Representatives Peter DeFazio (D-Oregon) and Jason Chaffetz (R-Utah) want to put an end to America’s patent troll problem with the newly introduced SHIELD Act, which aims to define patent trolls and distinguish them from honest patent holders. In an effort to discourage those who do nothing more than file patent lawsuits, the bill would create a “loser pays” system for specific types of patent litigants. Continue reading SHIELD Act: Legislation Hopes to Discourage Patent Trolls