San Francisco Passes Prop E To Benefit Of Startups

Tax reform can and does happen at the ballot box. Indeed, startup companies in San Francisco should soon feel the benefit of the recent passage of the city’s Proposition E.

Proposition E implements a tax on gross receipts, phasing out San Francisco’s prior payroll tax. This will be very beneficial for startup companies that have paid staff but have yet to earn much revenue.

Furthermore, given that business tax trails only property tax for bringing in dollars to the city of San Francisco, by taxing gross receipts instead of payroll, there will likely be more regularity and less fluctuation in terms of dollars flowing into city coffers.

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Cyberspace Is The New Battlefield

We usually think of the Internet as a place where we can obtain information, communicate with others, and engage in various business and personal activities.

However, is it also a new battlefield?

Yes, according to Defense Secretary Leon Panetta. Indeed, as reported by Reuters, he maintains that while hackers have already attacked financial institutions, they also have the capability to strike mission-critical domestic power grids and government systems.

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Displaced New Jersey Residents To Vote by E-mail or Fax

The New Jersey Department of State issued a directive to county elections officials to permit New Jersey registered voters displaced by Hurricane Sandy to vote electronically. Specifically, the directive permits voting by e-mail or fax. Of course, there are many security addresses that must be addressed to eliminate voter fraud. Of particular concern is how election officials plan to authenticate the e-mail and fax ballots they receive from displaced New Jersey residents.

This is the first time technology has been used in this way to vote and assuming that the security issues are adequately addressed, it will likely be studied to determine if it can used for the masses in future elections.

The release can be viewed on the New Jersey state website:
http://www.state.nj.us/governor/news/news/552012/approved/20121103d.html.

Hackers Increasingly Target Colleges, Universities

All sorts of businesses and organizations are potentially vulnerable to hackers. Educational institutions are no exception, as highlighted by a recent example involving Northwest Florida State College.

One or more hackers accessed a folder on the school’s main server from May through September, according to a memo from the College’s President to all employees. The folder contained multiple files.

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Put Down Your Devices and Look Around, People

I believe that I have the world’s greatest commute. I board the ferry at Larkspur Landing in Marin County, California and travel thirty minutes across the water to the Ferry Building in downtown San Francisco.

Friday morning was a gorgeous day. The sun was shining, the sky was crystal clear with the moon still hanging high, and the water was sparkling.

From the ferry ride, there were gorgeous views of Mount Tamalpais, Angel Island, the Golden Gate Bridge, Alcatraz, the Bay Bridge, San Francisco, as well as Berkeley and a bit of Oakland.

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Switching to E-Books Would Save Our Children’s Backs

It is amazing that in this day and age we still see students hauling around backpacks full of heavy school textbooks. This is true not only for college and high schools students, but also for much younger students in middle school and elementary school.

With the technology available such that many voluminous books can be loaded electronically onto an electronic book reader, a laptop, an iPad, or even a PDA, there seems no reason why kids should have to shoulder the heavy weight of books.

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How Many Millions of Children are on Facebook?

Many web sites prohibit children under the age of 13. It’s not necessary out of altruism, but because the Children’s Online Privacy Protection Act (COPPA) contains various provisions and requirements concerning special treatment that must be accorded to the children.

The statute is designed to protect young children from web sites that might seek to exert influence over them by obtaining personal data and marketing to them. Indeed, web sites are required to get verifiable parental consent before allowing such children to participate and they must follow certain rules to safeguard their privacy.

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The Cost of Cybercrime: 1.5 Million Victims Every Day

Make no mistake, Cybercrime is real and its impact is huge. Indeed, a recent Norton Cybercrime report by Symantec provides some fairly startling statistics.

For example, there are 1.5 million Cybercrime victims on a daily basis – that is 18 victims per second. There are 556 million such victims per year – in excess of the European Union total population.

Two-thirds of online adults already have been Cybercrime victims at some point in their lives, and 46% of online adults have been victims within the past year.

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Spam Email Costs Billions But Yields Far Less

Most of us hate unsolicited commercial email – aka spam. Notwithstanding spam filters and federal and state laws prohibiting spam under various circumstances, we nonetheless continue to receive these annoying emails in our in boxes.

One might think that the spammers are making fortunes as part of their predatory practices.

But a recent study indicates that while the societal cost of spam is phenomenally high, to the tune of $20 billion, the revenue derived from spam is a fraction of that, only $200 million.

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© 2009- Duane Morris LLP. Duane Morris is a registered service mark of Duane Morris LLP.

The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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