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Fighting Biometric Fraud on the Blockchain
Biometrics may seem like a high concept to many people. Retina eye scanners and handprint door locks evoke images of Netflix sci-fi dramas, but biometric technology is taking place right now. From facial recognition airport security, the latest iPhone fingerprint sensor to desktop computer software, biometric authentication uses unique facial, retinal or fingerprint recognition to confirm a user's identity, and is being increasingly used to establish bank payments and online transactions.
From an online security perspective, the days of weak passwords such as “Password123” and “qwerty2018” are nearly over. Single-factor authentication is vulnerable to phishing attacks and malicious malware, even two factor SMS authentication is proving insecure. From this perspective, not only are traditional passwords obsolete and inefficient, but they also pose a huge cybersecurity risk.
The Decline of the Password
Weak online security has led to severe data breaches in the past few years. With hackers operating on the dark Web for serious money, card data theft is a commonplace occurrence. In 2013, retail giant Target Corporation was subject to a malware hack that compromised 40 million customer credit and debit cards. Hackers were able to gain access to Target's internal network by infiltrating a third-party contractor. The data breach ended up costing the corporation a reported $148 million, according to The New York Times.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.