Cybersecurity

Cybersecurity

Korea FSS to Ease Restrictions on External Network Access

By Editors | 21/09/2020

The FSS will ease restrictions on external access to network systems at local financial firms, in line with new norms amid the Covid-19 pandemic.

Cybersecurity

HKMC Annuity Launches Video-Conferencing Application Service

By Editors | 17/09/2020

In a pilot run approved by the Insurance Authority under the Insurtech Sandbox, customers can apply for HKMC Annuity plans through video-conferencing.

Cloud & Infrastructure

Korea Forms Consultative Body to Tackle Digital Finance Risks

By Sanday Chongo Kabange | 15/09/2020

With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.

Cybersecurity

Bangladesh Bank Offers Assurances on Cybersecurity at Banks

By Duruthu E Chandrasekera | 14/09/2020

Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.

Data Privacy

China Announces Global Initiative to Safeguard Data Security

By Editors | 08/09/2020

The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

Cybersecurity

SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

By Sanday Chongo Kabange | 07/09/2020

The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

Fraud, Scams & Cybercrime

BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

By Sanday Chongo Kabange | 05/09/2020

Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

Sustainable Finance

Thailand SEC, UK Govt to Collaborate in Financial Sector

By Editors | 02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Fraud, Scams & Cybercrime

US Agencies Warn of North Korean ATM Cash-out Threat

By Manesh Samtani | 30/08/2020

The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.