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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.
Cybersecurity
HKMA Issues Guidance on Protecting Against DDoS Attacks
By Editors | 28/11/2022
The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.
CBDCs
BOJ to Involve Banks in CBDC Testing Around April 2023
By Sanday Chongo Kabange | 28/11/2022
The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.
Cybersecurity
CSRC Issues Technology Standards for Securities, Futures Firms
By Editors | 26/11/2022
Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.
Structural Regulation
SEBI to Enhance Listed Company Disclosure Requirements
By Mark Johnston | 23/11/2022
SEBI proposes new thresholds to quantify what constitutes a material event requiring disclosure, among other enhancements.
Operational Risk
S&P Global KY3P® Awarded Best Solution for Third Party Risk
By Editors | 22/11/2022
S&P Global Market Intelligence, was awarded best solution in due diligence & third party risk at Regulation Asia’s 5th annual awards ceremony.
Anti-Money Laundering
ComplianceAsia Awarded Compliance Service Provider of the Year
By Editors | 22/11/2022
ComplianceAsia, which was awarded compliance service provider of the year at Regulation Asia’s 5th annual awards ceremony.
Fraud, Scams & Cybercrime
Swift Awarded Best Solution in Payments Fraud Prevention
By Editors | 22/11/2022
Swift , was recognised for best solution in payments fraud prevention at Regulation Asia’s 5th annual awards ceremony.
KYC & CDD
Singapore Court Jails DBS Officer for Misusing Customer Data Access
By Editors | 22/11/2022
The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.
Cybersecurity
Medibank Customers Face Continued Threat of Data Leaks
By Manesh Samtani | 17/11/2022
Medibank refused to pay a $10m ransom to hackers, who have since released information linking individuals to drug addiction, alcohol abuse, abortions and mental health treatment.
Cybersecurity
EU Parliament Adopts DORA Text, Enforcement Expected in 2025
By Editors | 14/11/2022
New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.
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