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.

    CBDCs

    BISIH to Tackle Key CBDC Challenges with Project Tourbillon

    By Editors | 14/11/2022

    Project Tourbillon aims to reconcile trade-offs between cyber resiliency, scalability, and privacy through experimentation with a prototype CBDC.

    Cybersecurity

    Thai SEC: Revised IT Security Rules to Take Effect in July 2023

    By Editors | 08/11/2022

    The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.

    Cloud & Infrastructure

    SEBI Drafts Cloud Adoption Framework for Regulated Entities

    By Manesh Samtani | 06/11/2022

    The framework says there are “no limitations” on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.

    AI Risk & Governance

    MAS to Expand Funding Support for Financial Sector Innovation

    By Editors | 06/11/2022

    MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.

    AI Risk & Governance

    GIFT City, Japan Fintech Body to Cooperate on Innovation

    By Editors | 27/10/2022

    GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

    Cybersecurity

    Australia: Hackers Accessed Data of 4m Customers, Medibank Admits

    By Manesh Samtani | 26/10/2022

    Medibank does not have cyber insurance, and is expected to face investor class actions, on top of lawsuits from angry customers and likely fines.

    Cloud & Infrastructure

    RBI Consults on New Master Directions on IT Governance

    By Sanday Chongo Kabange | 23/10/2022

    Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.

    Fraud, Scams & Cybercrime

    INTERPOL Launches First Global Police Metaverse

    By Editors | 20/10/2022

    INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.

    Fraud, Scams & Cybercrime

    Japan Authorities Warn Crypto Firms of Lazarus Group Threat

    By Manesh Samtani | 20/10/2022

    An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.

    Fraud, Scams & Cybercrime

    Malaysia’s Scam Response Centre Publishes Guidance

    By Editors | 20/10/2022

    The National Scam Response Centre’s establishment was announced in Malaysia’s 2023 Budget earlier this month.

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