Senior payment experts from the European Central Bank have characterized the SEC's recent approval of spot exchange-traded funds (ETFs) for bitcoin as a stark illustration of the "Emperor's New Clothes" phenomenon. They argue that this move legitimizes a currency whose intrinsic value as an asset is essentially negligible.

The Federal Trade Commission (FTC) has reached a settlement with software provider Avast, requiring the company to pay $16.5 million and prohibiting it from selling or licensing web browsing data for advertising purposes. This settlement addresses allegations that Avast and its subsidiaries sold such data to third parties despite promising consumers that their products would protect them from online tracking.

California Attorney General Rob Bonta announced a resolution with DoorDash today, addressing breaches of the California Consumer Privacy Act (CCPA) and the California Online Privacy Protection Act (CalOPPA).

The Monetary Authority of Singapore (MAS) has issued a directive to the country's financial institutions, urging them to ready themselves for the increasing cybersecurity threats posed by quantum computing.

A recent report by industrial cybersecurity firm Dragos Inc. reveals a 50% surge in ransomware attacks targeting the industrial sector in 2023. Titled "The Importance of Industrial Cybersecurity," the report stresses the vital role of cybersecurity in safeguarding industrial operations amid digital transformation.

The European Central Bank (ECB) is cautioning banks about the need to enhance their management of outsourcing risks, particularly concerning the processing of personal data.

JPMorgan Chase & Co. anticipates shelling out more than $350 million to resolve allegations from regulators concerning its failure to input trading information into market-surveillance systems. The largest bank in the United States disclosed this on Friday in its annual filing, stating that it is nearing agreements with two US regulatory bodies and is in advanced discussions with a third.