Identification of the hacking problem

Based on the US Cybersecurity Trends Report (link to an online source at the end of the article), the hacking phenomenon records an increase in cyber-attacks in 2019 and 2020. From the legal perspective, what is particularly interesting is a significant increase in the recorded data loss events as a result of hacking activities in relation to the number of cases in individual years in the 2015-2020 prediction. One of the studies in the indicated report shows two specific moments over the years. The first one took place in 2016-2017, where we see an increase in hacker attacks by nearly 2,000 violations, but this is not related to a proportional increase in lost data, which differs from those from 2016 by about 1.5 million. In 2017, there was a slight increase in infringements, but more importantly, less data was lost. The second of these important moments indicated by the experts took place in 2018-2019, when there was a drastic increase in lost data with a slight increase in violations compared to 2018. We are seeing a drastic decrease in the number of breaches with a simultaneous huge increase in lost data.

From the analysis of the report, a surprising conclusion can be drawn that currently data breaches by hackers are less and less frequent compared to previous years, but much more effective.

The report also shows annual global cybersecurity transactions and equity financing in 2016-2021. In this respect there can be observed the huge projected increase in cash outlays for the cybersecurity target compared to 2020. The projected increase is over $ 10 billion. Despite the increase in spending, there has been a decline in the number of cybersecurity contracts.

The report presents the share of global cybersecurity transactions in 2020 by country. The first thing that throws up is that the US has over a half of shares in global market and is thus becoming a sort of hegemon in the fight against hackers. China ranks second with 12%. On the other hand, Israel ranks third with a 10% share, also showing a 4% increase compared to 2019. With the same trend, it has a good chance of overtaking China in this respect. The report shows the number of annual departures from the cybersecurity sector through mergers and acquisitions and stock market debuts. In the years 2016-2019, an upward trend can be noticed. From year to year, the number of departures increased by 100.

The report also shows the ratio of the increase in the number of the so-called megarounds (contracts worth over $100 million), which results in an increase in the volume of transactions.

All these increases in value did not go unnoticed. The consequence of the development of this type of industry, which is cybersecurity, is the creation and development of private companies. There are already over 30 companies in the world involved in the development of cybersecurity technologies, the value of which exceeds $ 1 billion. In Europe, for example, Acronis is such a company.

Almost 75% of cyber defenders are based in the United States, most of them in California. Second place, with almost 20% concentration of cyber defenders, is Israel. Canada and Ireland boast one “cyber defender” within their borders. In Canada it is the company “Isara”, and in Ireland “Tines”.

Methods of counteracting cyber attacks

There can be differentiated various methods of counteracting cyber-attacks. Most innovative ones are presented below:

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On 15 September 2021 partners of KIEŁTYKA GŁADKOWSKI KG LEGAL LAW FIRM will take part in the summit devoted to the future of EU’s currency, organized and hosted by Bitkom, which is a German digital association, founded 1999 in Berlin, representing more than 2,000 companies of the digital economy. Their membership spans more than 1,000 SMEs, over 500 startups and virtually all global players.

https://www.bitkom.org/EN/About-us/About-us.html

The Euro Summit organizers will discuss the questions of the future of the present monetary system and economy; the key drivers of the digital euro; the co-existence or competition between a central bank digital currency and private payments or crypto-assets.

KIELTYKA GLADKOWSKI will take part in panel discussions in the following areas:

Digital euro: A Threat or Opportunity for Banks?

• What do we need the digital euro for?
• Design choices and their trade-offs
• From cryptocurrencies, stablecoins and Diem to CBDCs
• CBDCs and stablecoins – the race for mainstream adoption
• How crypto is revolutionizing our financial system
• How decentralized and disintermediated will the future of finance look like?

The speakers will include:

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On 29 July 2021 KIEŁTYKA GŁADKOWSKI KG LEGAL took part in the webinar ‘Cell and gene data innovation and multi-stakeholder data transfer’ (Plan, capture and set the infrastructure for data sharing across the value chain, to optimize commercial strategy), organized by Reuters Events in participation and partnership with Salesforce. The scope of the webinar is within life science and digital health specialization that constitutes one of the core specializations of our law firm.

Some of the panelists included:

Augusto Penjasoff – Business Partner, Global Cell Therapy IT Head in BMS (Bristol Myers Squibb),

Curt Fitzgerald – Director- Service Delivery- C&GT in Novartis,

Gary Gabriel – Global Advisor for Healthcare and Life Sciences in Tableau,

Neary Detrick – Senior Director, Data Management & Analytics in Bluebird Bio,

and Beth Hayes as a moderator- healthcare and lifesciences business consulting – Pharma Lead, Industry Transformation (Salesforce).

The mission of Salesforce company (a partner and a participant of the webinar) is to empower companies to connect with the customers, providers of services and patients in the new and reimagined way. Salesforce serves leading organizations across the industry, including pioneers in CGT (cell and gene therapy).

Important question posed during the webinar concerned personalized medicine.

The response is that the latter is the future of the medicine (so-called a Medicine 2.0). A deliberation about personalized medicine is not a discussion about future in about 10 or 15 years. It drives a magnificent impact across the industry. There was also discussed the question of the difference between the traditional medicine and personalized medicine.

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Brand New Online Portal of the Polish Register of Entrepreneurs of the National Court Register

On 1^st July 2021 in Polish jurisdiction a revolutionary change has taken place. Namely, there has been amended an Act on the National Court Register (Journal of laws of 2021, item 112 as amended).[1] The amendment is about an introduction of an electronic registration procedure. Especially the form of filing applications for the entry in the Register of Entrepreneurs of the National Court Register will be changed.[2] The amendment mainly concerns the registration issue of the limited liability company and the partnerships.

The National Court Register Act amendment is caused by a necessity to implement the European Parliament directives and the EU’s Council directives on some of the company law aspects (2017/1132 EU; 2012/17/ EU, etc.).[3] The issue of the adaptation to the European Union law can be found in the first article (art.1) of the Amendment Act of the National Court Registration Act.

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On the 3th July 2021 the amendments of the Rules of Polish Civil Procedure and other statutory laws (especially the statutory law about solutions related to preventing, counteracting and combating COVID- 19) have entered into force.

The Act of the Council of Ministers’ initiative provides for a number of changes in the Polish civil procedure, including:

1. more online hearings,
2. participation of witnesses in remote hearings,
3. examination of the case by a single-judge panel,
4. new procedure for the service of judicial documents,
5. new formality requirement,
6. and other less relevant law changes.

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