Government

The Federal Reserve's new FedNow Service allows instant money transfers but may exacerbate online fraud, experts warn. The service presents unique challenges due to its irreversible and rapid transactions.

The new policy urges more mandates on the firms that control most of the nation's digital infrastructure. It also preaches an expanded government role to disrupt hackers and state-sponsored entities.

U.S. Marshals Service spokesperson Drew Wade said in comments to news outlets on Feb. 27 that the agency received a ransomware demand and found a data exfiltration event that affected the agency's stand-alone computer system.

TikTok has become the go-to app for Gen Z and others who prioritize social commerce influencers. However, lawmakers and citizens with growing concerns about data security and surveillance are pushing for congressional action to ban the China-based app in the United States.

The law aims to protect Americans by blocking and prohibiting all transactions from any social media company in, or under the influence of, China, Russia, and several other foreign countries of concern.

INSIGHTS

Pentagon Cloud Procurement, Deux

The awards to four tech companies have sequential contract numbers, so the $9 billion bandied in the press really looks like $36 billion.

Most contractors the Department of Defense hired in the last five years failed to meet the required minimum cybersecurity standards, posing a significant risk to U.S. national security.

Sens. Gary Peters, D-Mich., and Rob Portman, R-Ohio, introduced the legislation that seeks to address open source software risks in government. The proposed Bill, S. 4913, now awaits action by the Committee on Homeland Security and Governmental Affairs.

If you’re looking for the best digital quality of life in the world, Denmark appears to be the place to go. South Korea finished second in the overall rankings, although it captured the top spot in internet quality and both broadband and mobile speed growth.

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