Digital assets present eight particular dangers that banks should be aware of, according to three financial regulatory agencies.
Driving the news: In a joint statement Tuesday, major banking regulators, the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation highlighted "key risks associated with crypto-assets."
Investors drove Apple's market value below $2 trillion during the first trading session of 2023, a year after propelling it to become, briefly, the first U.S. company to reach $3 trillion.
What's happening: Shares of Apple tumbled Tuesday morning by more than 4%, after a Nikkei Asia report reignited worries about demand for the company's products.
Starting this week, companies operating in Virginia and California are subject to a new set of data protection laws.
The big picture: After federal lawmakers failed (again) to pass a privacy law last year, companies face what they've always feared and lobbied against: a patchwork of state-level laws that dictate how they collect, store and share consumer data.
The AI-enabled chatbot that's been wowing the tech community can also be manipulated to help cybercriminals perfect their attack strategies.
Why it matters: The arrival of OpenAI's ChatGPT tool last month could allow scammers behind email and text-based phishing attacks, as well as malware groups, to speed up the development of their schemes.
Punchbowl News, the two-year-old Congress-focused media startup, will launch a text-based breaking news service this month to send real-time alerts to paid subscribers instead of relying on Twitter, according to the company's founders.
Why it matters: More news companies are experimenting with ways to deliver breaking news directly to readers and routing around intermediary services like Twitter, which has grown increasingly unpredictable for journalists.
After two years of pandemic-driven setbacks, the Consumer Electronics Show (CES) is aiming for a comeback.
Driving the news: CES hopes to draw at least 100,000 in-person attendees to its annual trade show in Las Vegas this week — but it's unclear when, if ever, the mega-conference will return to its pre-pandemic peak of over 180,000 attendees.
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