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Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.

CBDCs
BIS Innovation Hub Unveils Findings from CBDC Project “Sela”
By Editors | 13/09/2023
The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.

Fraud, Scams & Cybercrime
Taiwan Digital Ministry Announces New Anti-Fraud Measures
By Editors | 09/09/2023
The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

Clearing & Post-Trade
SGX Gains Connectivity to FIA Tech’s Trade Data Network
By Editors | 07/09/2023
The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Data Privacy
Australia Consults on Feasibility of ‘Screen Scraping’ Ban
By Editors | 06/09/2023
New discussion paper seeks views on a recommendation to ban screen scraping in situations where the CDR is a viable alternative.

Emerging Prudential Risks
FSB Warns of ‘Further Shocks’ in G20 Progress Update
By Manesh Samtani | 06/09/2023
The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.

Payments & Settlements
SEBI Plans to Move to One-Hour Stock Settlement Cycle
By Editors | 06/09/2023
India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

Cybersecurity
Germany’s BaFin Suffering DDoS Attack Since Friday
By Editors | 04/09/2023
BaFin apologised for the inconvenience and said it is working “intensively” to restore full access to its website.

Cybersecurity
SEBI Enhances Market Infrastructure Requirements on Cyber Security
By Mark Johnston | 30/08/2023
The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.

Cybersecurity
Hackers Access FTX, BlockFi, Genesis Customer Data
By Mark Johnston | 30/08/2023
Kroll said the cyber actor targeted a T-Mobile account belonging to a Kroll employee in a “highly sophisticated SIM swapping attack”.

Cloud & Infrastructure
Australia Abruptly Halts Business Registers Upgrade Project
By Sanday Chongo Kabange | 29/08/2023
Australia is stopping work on its business registers modernisation programme due to its excessive cost and expected time-to-completion.
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