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The “metaverse” can be defined as a simulated digital environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for rich user interaction mimicking the real world. In late 2021, Facebook changed its name to Meta Platforms as a symbol of its leadership in the Metaverse frontier. Another corporate giant, J.P. Morgan Chase, the largest bank in the U.S., opened Onyx Lounge, a bank in the Metaverse, where it projects the Metaverse market will reach over $1 trillion dollars in annual revenue in the coming years. From rappers like Meek Mill, Snoop Dogg and Jay-Z promoting the purchase of NFTs, to the NBA All-Star Game awarding contestants with Bitcoin, the Metaverse is becoming a hot topic. But what is the Metaverse?
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China Finalizes New Regulations to Relax Personal Data Exports from China
By Lindsay Zhu, Scott Warren, Haowen Xu and Charmian Aw
Nearly six months after the Cyberspace Administration of China (CAC) was first introduced for public consultation, the much-awaited final rules on Regulating and Facilitating Cross-border Data Flows were published and came into effect on March 22, 2024. The New Regulations largely repeat the Draft Regulations, but now have further relaxed personal data exports from China.
Unraveling The American Data Privacy Patchwork: Will the American Privacy Rights Act Succeed?
By Michael McLaughlin and Andria Adigwe
As the focus on protecting personal data continues to grow with the ever-widening adoption of artificial intelligence (AI) tools, exponential increases in the number and breadth of data breaches, and growing awareness of the risk posed by data brokers, the time appears right for a U.S. federal data privacy regulation to succeed in Congress. But is the new American Privacy Rights Act that regulation?
The Perfect Storm: Why Contract Hiring In Privacy Will Eclipse Direct Hiring In 2024
By Jared Coseglia
With significantly fewer fully remote positions available in 2023, active job seekers were faced with the question of whether to begin considering compromises on work-from-home flexibility or compromise in other areas like compensation, vertical mobility, quality of life, or employment modality.
Lessons for CISOs from the SolarWinds Breach and SEC Enforcement
By Daniel Garrie, David Cass and Jennifer Deutsch
In an era where digital threats loom large, the responsibilities of Chief Information Security Officers have expanded beyond traditional IT security to encompass a broader governance, risk management, and compliance role. The infamous SolarWinds Corp. attack illustrates the complex cybersecurity landscape CISOs navigate.
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