Cybersecurity

Clearing & Post-Trade

ASX Pledges to Remediate Issues Identified in RBA Assessment

By Manesh Samtani | 09/10/2023

The RBA said ASX has been operating at a “heightened level of overall risk level for an extended period” and this needs to be addressed “promptly”.

Cryptocurrency

Unregulated Crypto Could Create “Alternate Financial System”: IMF

By Nithya Subramanian | 09/10/2023

It has highlighted the need to step up transparency and data collection while proposing a country-level risk assessment matrix.

AI Risk & Governance

Generative AI’s Growing Impact on Capital Markets

By Ranamita Chakraborty | 04/10/2023

Panellists at the ASIFMA Tech & Ops Conference discussed the key applications of generative AI in capital markets and strategies for addressing risks.

Operational Risk

Operational Resilience, Skills Key to Banks’ Technological Sophistication – MAS

By Jill Wong | 03/10/2023

The MAS’s Vincent Loy highlights the operational challenges facing banks as they seek to build technology skills and sophistication.

Data Privacy

BOT Issues Guidelines on Biometric Technology Adoption

By Editors | 29/09/2023

The guidelines introduce six guiding principles to serve as the minimum requirements for financial service providers in applying biometric technology.

Data Privacy

China Proposes to Relax Rules on Cross-border Data Transfers

By Editors | 29/09/2023

Security assessments will no longer be required for most business activities as long as personal data is limited and important data is not involved.

Cybersecurity

FIA Issues Recommendations for Strengthening Cyber Resilience

By Manesh Samtani | 29/09/2023

The recommendations were developed based on input from a taskforce formed by FIA in March, in response to a ransomware attack against ION Markets.

Fraud, Scams & Cybercrime

DBS, UOB Add Anti-Malware Feature to Banking Apps

By Editors | 28/09/2023

Last month, OCBC became the first Singapore bank to introduce the new security feature. Citi, DBS and UOB have now also added the feature.

Cybersecurity

HK Cyberport Data Breach Prompts Discussions of New Cybersecurity Law

By Editors | 21/09/2023

An estimated 400 gigabytes of data was compromised, including the personal information of Cyberport staff and several startups.