ABA today thanked members of the Senate Judiciary Committee for introducing the Botnet Prevention Act of 2016 (S. 2931), which would enhance the Department of Justice’s efforts to combat cyber threats, including distributed denial of service and other botnet attacks. The bill would expand the DOJ’s authority to issue injunctions, providing courts with greater discretion to impose tougher penalties on cybercriminals using botnets to cripple critical networks. ABA’s letter was sent in advance of a hearing tomorrow during which the committee will discuss the threats posed by ransomware and explore possible solutions.
Former comptrollers warn against state erosion of federal banking powers
States are increasingly seeking to regulate activities that have historically fallen within the domain of federal supervision, and that threatens the regulatory clarity the nation's dual banking system has long provided, two former comptrollers of the currency write...








