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Chinese authorities have arrested alleged hackers in what appears to be the first-ever reported case of hackers using AI to develop ransomware. These alleged hackers reportedly used ChatGPT to refine the code for their home-grown ransomware encryption tool. ChatGPT has been banned in China in favor of Chinese tools such as Baidu’s Ernie Bot. However…

On Monday, December 18, 2023, the Federal Trade Commission (FTC) released its report on takeaways gleaned from a public event it held in October with creative professionals, including artists and authors. The 43-page report, entitled, “Generative Artificial Intelligence and the Creative Economy Staff Report: Perspectives and Takeaways,” provides an insider view of the FTC’s interest…

The Office of the Controller of the Currency (OCC) issues a semiannual risk perspective report that “addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations.” The most recent report “presents data in five main areas: the operating environment…

The rise of AI technology has prompted regulatory agencies to take action and protect consumers’ rights, as evidenced by the recent efforts of the Federal Trade Commission (FTC) and the California Privacy Protection Agency (CPPA).

On November 16, 2023, the FTC approved a resolution that authorizes its staff to issue civil investigative demands (CIDs) in…

Following the White House’s Executive Order on AI, the Cybersecurity & Infrastructure Security Agency (CISA) issued its Roadmap for Artificial Intelligence this week “which is a whole-of-agency plan aligned with national AI strategy to address our efforts to: promote the beneficial uses of AI to enhance cybersecurity capabilities, ensure AI systems are protected from cyber-based…

The United States joined 39 other countries this week in the International Counter Ransomware Initiative, an effort to stem the flow of ransom payments to cybercriminals. The initiative aims to eliminate criminals’ funding through better information sharing about ransom payment accounts. Member states will develop two information-sharing platforms, one created by Lithuania and another jointly…

On October 30, 2023, the Biden Administration issued its “Executive Order on the Safe, Secure, and Trustworthy Development and use of Artificial Intelligence.” The EO outlines how Artificial Intelligence (AI) “holds extraordinary potential for both promise and peril.” As the Administration “places the highest urgency on governing the development and use of AI safely and…

Federal Communications Commission Chair Jessica Ronsenworcel recently announced a proposed directive to focus the FCC on AI’s burgeoning role in scam calls, particularly those targeting the elderly. The proposal will be presented at the November 15 commission meeting and would direct research into the strengths and weaknesses of generative AI, the role that AI plays…