Cybersecurity
How International Acquisitions Can Become a Cybercrime Frontier
Public entities like the FBI and Department of Treasury are carefully monitoring international business transactions as potential backdoor threats to U.S. national security.
Modernization
IRS Plans to Approve Use of Login-dot-gov as Tax Day Nears
The tax agency intends to add Login this filing season—and as early as next week—as the integration is in final rounds of testing.
Modernization
IRS CIO Moving to Treasury CTO Post
Jeff King, currently deputy chief information officer at Treasury, will be taking on the role of acting CIO at the IRS.
Modernization
TMF Invests Over $40M to Improve Cybersecurity and Digital Services
The Technology Modernization Fund’s most recent investments will go to the Social Security Administration, the Treasury Department and the U.S. Agency for Global Media.
Digital Government
Biden’s IRS Pick Says He Wants to Move Agency’s Systems into the 21st Century
Nominee for IRS commissioner Danny Werfel, a self-professed “government geek,” talked customer experience, cybersecurity and IT modernization with senators at a Wednesday hearing.
Emerging Tech
IRS Names Advisors on Possible Government-run Direct Filing System for Taxpayers
The IRS tapped New America to report on the feasibility of a free, public-facing IRS-hosted tax filing infrastructure for ordinary taxpayers.
Cybersecurity
US and UK Join Forces to Sanction Russian Hackers
Members of cybercrime group Trickbot, which favors deploying ransomware on critical infrastructure, were handed sanctions in the first-of-its-kind collaboration between U.S. and U.K. agencies.
Emerging Tech
GAO: IRS Not Capturing the True Cost of its Legacy IT Footprint
An oversight report requested by Rep. Gerry Connolly found that the tax agency lacks timelines for decommissioning decades-old legacy systems and isn't tracking how much they are paying for upkeep of out-of-date software.
Emerging Tech
Treasury Looks for New Tech to Prove Physical Money is Legit
The counterfeit detection methods could include both device assisted and non-device assisted features.
Emerging Tech
FinCEN to Treat Digital Asset Regulation as a 'Key Priority,' Director Says
As digital currencies and assets continue to go unregulated, federal law enforcement is actively engaged in developing guidance to prevent financial crime.
Cybersecurity
Agencies Push Deadline to Comment on Would-Be Federal Cyber Insurance Program
Insurance companies are pushing for taxpayer assistance to provide coverage in the event of catastrophic incidents.
Digital Government
IRS Seeks New Enterprise File Storage System
As part of the agency’s ongoing modernization efforts, it issued a request for information for a new enterprise file storage system
Emerging Tech
Compliance First, Penalty Second as Feds Implement Crypto Regulations
Officials within federal law enforcement described the critical role private sector communication will play in developing digital asset regulatory guidance.
Policy
Lawmakers Question Revolving Door Between Government and Crypto Industry
A group of Democratic lawmakers issued letters to several financial regulatory agencies in a bid to examine the growing trend of former public servants working for digital asset companies.
Policy
Treasury Debuts Plan to Penalize Foreign Investment Threatening National Security
The guidance from the Committee on Foreign Investment in the United States comes as legislators have been increasingly worried about foreign investment in major technology companies.
Policy
U.S. Imposes Semiconductor and Aviation Tech Sanctions on Russia
The sanctions follow international concern over unmanned aerial vehicles tech found amid Russia’s invasion of Ukraine.
Emerging Tech
Many Digital Assets are ‘Rife With Risks,’ Fed Official Warns
The Federal Reserve underscored the volatility that comes with digital currencies while speaking to the agency’s other modernization efforts.
Digital Government
Treasury Fines Crypto Mixer on Money Laundering
The Financial Crimes Enforcement Network imposed over $29 million in fines for Bank Secrecy Act violations.
Emerging Tech
Cryptocurrencies 'Could Pose Risks' to Stability of US Economy, Treasury Warns
The Department of Treasury’s Financial Stability Oversight Council delivered research on cryptocurrency regulation recommendations, noting the importance of legislative participation.
Cybersecurity
Treasury Seeks Comment on How to Structure a Cyber Insurance Program
The Department’s Federal Insurance Office—together with the Cybersecurity and Infrastructure Security Agency—is soliciting feedback in preparation for a report to Congress.
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