The US Department of State has announced a reward of $10 million for information that connects individuals affiliated with a group associated with Clop ransomware to a foreign government. The department shared this news through its Rewards for Justice initiative, which was established in 1984 to enhance national security by encouraging the reporting of details related to terrorism, cyber threats, North Korean activities, and election interference.

Source: FCA

The Joint Regulatory Oversight Committee (JROC) has today set out an ambitious programme of work to take forward recommendations for the next phase of open banking in the UK.

After conducting a thorough 10-month inquiry, a bipartisan group of Members of Parliament (MPs) and Lords in the UK Parliament has called for immediate regulation of the cryptocurrency sector and the appointment of a 'Crypto Tsar' to coordinate the government's approach.

The Personal Information Protection Commission, a privacy watchdog in Japan, has issued a cautionary notice to OpenAI regarding the collection of sensitive data without obtaining individuals' consent.

Source: NYDFS

Superintendent of Financial Services Adrienne A. Harris announced today that OneMain Financial Group LLC (“OneMain”) will pay a $4.25 million penalty to New York State for violations of DFS’s Cybersecurity Regulation (23 NYCRR Part 500).

HSBC recently unveiled a new global Index that utilizes advanced technology to assess a company's ESG (Environmental, Social, and Governance) credentials and its potential for positive financial outcomes. Developed by Arabesque AI and powered by ESG Book's data, this Index aims to monitor the performance of over 1,000 globally traded company stocks that are expected to experience financial gains through enhancing their ESG risk.

On May 30th, national officials from the G7 countries will convene in Japan to address the challenges presented by generative AI tools, such as ChatGPT.