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.
Cybersecurity
RBI Penalised StanChart, SBI for Regulatory Violations
By Editors | 18/10/2021
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
Data Privacy
Sri Lanka Cabinet Approves Data Protection Bill
By Duruthu E Chandrasekera | 14/10/2021
Data controllers must ensure the security and confidentiality of personal data. The rights of data subjects will be enhanced. Cross-border transfers are allowed.
Data Privacy
Taiwan FSC to Standardise Data Breach Reporting Timelines
By Darien Choong | 13/10/2021
The FSC says standardising the breach reporting time at 72 hours will improve the efficiency of managing fraud and data theft.
Emerging Prudential Risks
FSB Reports Progress on NBFI Risks, Cross-border Payments
By Editors | 12/10/2021
A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
Fraud, Scams & Cybercrime
RBI Announces Fraud Theme for Fourth Sandbox Cohort
By Mark Johnston | 12/10/2021
The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
Fraud, Scams & Cybercrime
Coinbase to Reimburse 6,000 Customers Following Crypto Theft
By Sanday Chongo Kabange | 08/10/2021
Coinbase is working with law enforcement to support its investigation into the individuals behind the hack.
Data Privacy
PBOC Finalises Rules for Credit Reporting Businesses
By Darien Choong | 07/10/2021
The rules say the collection of credit information should “not be excessive” and subject to consent and information security requirements. Cross-border use is allowed.
Cybersecurity
Singapore Launches New Cybersecurity Strategy
By Mark Johnston | 06/10/2021
The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.
AI Risk & Governance
China to Regulate Algorithms Use, Punish Misuse
By Editors | 06/10/2021
The new guidance warns that companies will be held accountable for misusing algorithms. An algorithm registration system will be established.
Fraud, Scams & Cybercrime
US to Gather 30 Countries to Coordinate Ransomware Response
By Editors | 06/10/2021
The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.