ADVERTISEMENT
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.
Fraud, Scams & Cybercrime
Malaysia Budget 2023 to Tackle Scams, Promote Capital Market
By Editors | 09/10/2022
Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.
Cybersecurity
Australia Mounts ‘Supercharged’ Response to Optus Breach
By Sanday Chongo Kabange | 07/10/2022
“Operation Guardian” will protect those who had their data released online. Regulatory changes will enable better coordination to detect and mitigate cyber, fraud and scam risk.
Trading & Investment
SEBI Extends 2FA Requirement to Fund Subscription Transactions
By Editors | 05/10/2022
AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.
Data Privacy
Indonesian Lawmakers Pass Personal Data Protection Law
By Editors | 28/09/2022
The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
KYC & CDD
SFC Shines Regulatory Spotlight on Online Platforms
By Hannah Cassidy | 28/09/2022
Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.
Cybersecurity
Australia: Optus Data Breach to Prompt Legislative Reform
By Manesh Samtani | 27/09/2022
Australian Prime Minister Anthony Albanese said the Optus breach was a “huge wake-up call” for the corporate sector.
Cybersecurity
HKMA Issues Guidance on Protecting Payment Card Data
By Manesh Samtani | 26/09/2022
The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.
Structural Regulation
RBNZ, FMA Seeks Feedback on Draft FMI Standards
By Sanday Chongo Kabange | 25/09/2022
The FMI Standards are likely to be issued in early 2023 and take effect around 1 August 2023 – once FMI designations are complete.
Data Privacy
US SEC Fines Morgan Stanley Unit for Not Protecting Customer Data
By Manesh Samtani | 24/09/2022
A moving and storage company hired by Morgan Stanley’s wealth management division sold thousands of devices containing customer information to a third party.
Cybersecurity
China to Increase Penalties for Breaches of Cybersecurity Law
By Darien Choong | 24/09/2022
Operators of critical information infrastructure using products or services that have not undergone security evaluations will face fines of up to 5 percent of annual revenue.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.