Cybersecurity

    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.

    image

    Cybersecurity

    CFTC Establishes Task Forces to Target Cyber Threats, Environmental Fraud

    By Editors | 02/07/2023

    The task forces will help the CFTC address cybersecurity issues, emerging technologies like AI, and fraud in carbon markets.

    image

    Payments & Settlements

    EU Proposes Measures to Enable ‘Open Finance’ and Tackle Payments Fraud

    By Editors | 02/07/2023

    Payment service providers will gain a legal basis to voluntarily share payment fraud related information via dedicated IT platforms.

    image

    Cybersecurity

    Cybersecurity and Technology Risk Requirements Under Hong Kong’s New VATP Regime

    By Albert Yuen | 27/06/2023

    Albert Yuen, Kishore Bhindi, and Jasmine Yung explain the SFC’s requirements for virtual assets trading platforms around technology risk management and cybersecurity.

    image

    AI Risk & Governance

    MAS Releases Guidelines for Responsible AI-use in FIs

    By Karen Ng | 27/06/2023

    Singapore’s financial regulator also released an open-source toolkit for FIs to carry out assessment methodologies for FEAT (fairness, ethics, accountability and transparency) principles.

    image

    Operational Risk

    APRA Imposes Capital Charge on Medibank Over 2022 Hack

    By Sanday Chongo Kabange | 27/06/2023

    APRA has decided to increase Medibank’s capital adequacy requirement for operational risk by A$250mn.

    image

    Cybersecurity

    CalPERS, Genworth Hit by Data Breach in MOVEit Hack

    By Mark Johnston | 26/06/2023

    CalPERS, the largest US pension fund, and insurer Genworth Financial have disclosed that customer data was breached in the MOVEit hack.

    image

    Fraud, Scams & Cybercrime

    Malaysia Threatens Legal Action Over ‘Harmful’ Facebook Content

    By Sanday Chongo Kabange | 26/06/2023

    Bursa Malaysia has backed the communications regulator’s move to take action against Meta for its failure to remove scam posts.

    image

    Payments & Settlements

    RBA Consults on Options for Enhancing Debit Card Market

    By Sanday Chongo Kabange | 23/06/2023

    The RBA seeks to prevent any one debit network from being given routing priority at issuance for domestic transactions.

    image

    Cybersecurity

    CFTC to Propose Rule on Operational and Cyber Resilience

    By Editors | 23/06/2023

    CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

    image

    Cybersecurity

    US DOJ Launches New Section to Focus on Cyber Threats

    By Mark Johnston | 23/06/2023

    The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.