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U.S. Federal Court Says ICO Fraud Can be Subject to Securities Laws

The U.S. federal Court for the Eastern District of New York has given federal prosecutors a green light to indict a businessman charged with violations of securities law in making materially false and fraudulent misrepresentations in connection with two virtual currency investment schemes and their related Initial Coin Offerings (ICOs). 

Prosecutors charged the businessman with fraudulently inducing investors to purchase ...

Brazil Enacts General Data Privacy Law Mirroring the GDPR

The Brazilian President has signed into law a new General Data Privacy Law (Lei Geral de Proteção de Dados Pessoais) similar to the EU General Data Protection Regulation (GDPR). The law has broad applicability as it applies to any processing of personal data provided that: (1) the processing operation is carried out in the national territory (i.e. Brazil); (2) the ...

The National Cyber Directorate against the GDPR?

The memorandum of proposed Israeli Cyber Defense and National Cyber Directorate Law, 2018, published in June, proscribes, among other things, the disclosure of “information provided to the organization concerning a cyber-attack and the measures taken by the organization, unless permitted by a qualified employee of the Directorate, under the conditions he may prescribe and subject to any law”. The Memorandum ...

Ninth Circuit Says Internet Subscriber's IP Address Insufficient to Find Liability for Copyright Infringement

The U.S. federal Court of Appeals for the Ninth Circuit has held that bare allegations that a defendant was the registered subscriber of an Internet Protocol address associated with copyright infringing activity is insufficient to support claims of copyright infringement.

The case involved a Nevada company that holds the copyright to the film The Cobbler, which was unlawfully distributed from ...

Israeli State Attorney issues prosecution and sentencing guidelines for computer intrusion offenses

In late August, the Israeli State Attorney, Mr. Shai Nitzan, issued guidelines (number 2.38) outlining the policy on prosecution, case management and sentencing considerations, regarding the offense of unlawful intrusion to computer material (section 4 of the Computers Law, 5755-1995).

The guidelines establish a hierarchical severity of acts that constitute intrusion to computer material. The guidelines explains that severe punishment ...

Israeli Privacy Regulator Announces Oversight Initiative

The Israeli Privacy Protection Authority (the Israeli privacy regulator) has announced a new enforcement unit focused on “broad supervision”. The new unit was recently launched within the criminal and administrative enforcement branches of the Privacy Protection Authority. The new unit is entrusted with conducting broad sectoral and subject-based investigations in order to examine compliance with the Israeli privacy law and ...

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