Future legal risks will be legal fishing expeditions akin to internet “phishing” attacks: less personal, mass-produced actions initiated by many actors. When coordinated, they’ll be much more like distributed denial of service attacks, which involves overwhelming a target with a flood of traffic to knock it offline. To prepare for this new reality companies need to take a page out of cybersecurity readiness.
Last year, in order to enhance tax compliance, the U.S. Treasury Department proposed a rule designed to increase cryptocurrency disclosures. The crypto industry thought the obligations were too broad and pushed back hard — with the support of an unconventional ally.is co-founder of Hence Technologies, which builds AI software to manage geopolitical risk and legal risk. He was previously an executive at Palantir Technologies.
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