Ethics, Cybersecurity, Crypto-Currencies, and ICOs -- Oh My!

Question 1

How many cryptocurrency ETFs have been approved for trading in the U.S.?

Accepted Answer

0

Question 2

What are the five functions of a good cybersecurity framework?

Accepted Answer

Identify, Protect, Detect, Respond, Recover

Question 3

When did the SEC first charge a crypto hedge fund as an unregistered investment company?

Accepted Answer

September 2018

Question 4

In the same NASAA sweep, what was the #1 deficiency, detected at 64% of state-registered IAs?

Accepted Answer

Books & Records Deficiencies

Question 5

What is believed to be the motive behind a major hack of the SEC in 2016?

Accepted Answer

Access to corporate filings for insider trading.

Question 6

What is the current combined market capitalization of all major cryptocurrencies?

Accepted Answer

$195 Billion

Question 7

The massive hack of the law firm Mossack Fonseca was commonly known as __________.

Accepted Answer

The Panama Papers

Question 8

When did the SEC bring its first action charging an ICO clearinghouse as an unregistered BD?

Accepted Answer

September 2018

Question 9

Why are hackers interested in hacking law firms?

Accepted Answer

Weaker cybersecurity than client companies., That's where the secrets are., Obtain inside info on potential mergers and acquisitions., Get access to clients' IP and technology.

Question 10

Which international law firm was crippled by a ransomware attack in June 2017?

Accepted Answer

DLA Piper

Question 11

Which company suffered one of the biggest cybersecurity breaches in history in March 2018?

Accepted Answer

MyFitnessPal, Under Armour

Question 12

Which agency has 200 active investigations and 46 enforcement actions on crpytos or ICOs?

Accepted Answer

NASAA

Question 13

According to ICODATA.IO how much $ has been raised so far in 2018 through ICOs?

Accepted Answer

$7 Billion

Question 14

Failure to protect against cybersecurity breaches may violate Rule of Professional Conduct ___.

Accepted Answer

Rule 1.6 Confidentiality of Information

Question 15

How do you feel about a Quiz! CLE quiz as compared to a Power Point CLE presentation?

Accepted Answer

I love it!, It was okay, I guess., Bring back my Power Point presentation!, Don't know / Don't care / Didn't notice a difference.

Question 16

A 2017 NASAA Sweep of state-registered IAs found that ____% had cybersecurity deficiencies.

Accepted Answer

24%

Question 17

An ABA survey found that _____ % of all U.S. law firms had been hit with a data breach in 2017.

Accepted Answer

22%

Question 18

Three _______ citizens netted over $3M on insider trading after hacking 2 NY law firms in 2015.

Accepted Answer

Chinese

Question 19

What did MIT's Technology Review predict would be the greatest cybersecurity threat of 2018?

Accepted Answer

Cryptocurrency Mining Bots

Question 20

Rule 1.1 (Competence) requires lawyers to have technological competence on cybersecurity.

Accepted Answer

True.

Ethics, Cybersecurity, Crypto-Currencies, and ICOs -- Oh My!

Questions 20

Ethics, Cybersecurity, Crypto-Currencies, and ICOs -- Oh My!

Questions 20