The Biden administration on Friday announced new export restrictions aimed at hobbling China's ability to make advanced semiconductors, escalating the tech conflict between the world's two biggest economies.
Why it matters: The move is expected to reshape the interplay between American and foreign chipmakers, potentially undermining China while also heightening the risk of a countermove.
Chainalysis is officially joining the National Cyber-Forensics and Training Alliance (NCFTA), the company first told Axios — marking the first blockchain analytics firm to join the widely respected cybercrime information-sharing organization.
Why it matters: Because of the borderless nature of cybercrime, law enforcement agencies often rely on overseas partners and industry organizations to quickly track down key evidence about data breaches, ransomware attacks and other cybercriminal activities.
Former Uber security chief Joe Sullivan’s conviction for mishandling a 2016 data breach is renewing long-held fears among chief information security officers that they could be "sacrificial lambs" when cyberattacks occur.
President Joe Biden signed an executive order Friday implementing a new privacy framework for data being shared between Europe and the United States.
Why it matters: Data flowing between Europe and the U.S. is of major importance to international businesses that work with customers across the Atlantic.
The March deal between Biden and European Commission President von der Leyen follows two previous agreements which failed after being challenged and struck down by a European court.
The legality of such data transfers, which the White House said are "critical to enabling the $7.1 trillion EU-U.S. economic relationship," has been in flux for years.
Details: The executive order adds new safeguards for U.S. intelligence activities, taking privacy and civil liberties into account, and introduces new privacy requirements for data collection.
It establishes a process for non-U.S. citizens to file complaints if they are concerned their personal information has been improperly collected by the U.S. intelligence community.
That process starts with the Office of the Director of the National Intelligence, who will forward valid complaints to a new data privacy court inside the Justice Department to investigate.
What they're saying: "This is a culmination of our joint efforts to restore trust and stability to transatlantic data flows, and is a testament to the enduring strength of the U.S.-EU relationship and our shared values," Commerce Secretary Gina Raimondo told reporters.
"By ensuring a durable and reliable legal basis for transatlantic data flows, We've paved the way for a more inclusive digital economy that will benefit American consumers and small businesses alike."
"It actually creates a better set of circumstances, greater certainty for companies who want to transfer data," John Miller, senior vice president of policy at tech industry group Information Technology Industry Council told Axios. "We actually have changes in U.S. law and not just practice."
What's next: The new agreement could be challenged again, but senior administration officials told reporters in a call they're confident this deal, with its new structure and requirements at different levels of U.S. government, satisfies the demands of European Court of Justice, the EU's high court.
The new documentary about the U.S.'s leading crypto exchange is called COIN, but they might as well have called it BRIAN, after its chief executive.
Why it matters: Coinbase has taken the vanguard of the crypto industry in the public imagination (much as Facebook is synonymous with social media). COIN — which is also its ticker symbol — appears to be its effort to get out in front of the criticism that has come with that position.
Meta will notify at least 1 million Facebook users that their login information may have been stolen if they downloaded one of hundreds of malicious mobile apps.
Driving the news: Meta’s security team published a report this morning detailing how more than 400 mobile apps posed as innocuous tools, such as photo editors, to get people to share their Facebook login credentials.
On a recent trip to Seattle, I learned how tantalizingly close we are to being able to ditch our wallets.
Over two days, I managed to take two flights, check into a hotel room and pay for meals — all from my phone. Everything worked, but there were some asterisks involved.
Innovations in artificial intelligence are making it faster and cheaper for political campaigns to identify, turn out and extract money from voters.
The big picture: Consultants for both major parties are hoovering up voter data to hone advanced fundraising and persuasion tactics. These data tools are especially useful in down-ballot local races.
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