Cybersecurity

Cybersecurity

Financial Sector Suffers More Cyber Attacks Than Any Other Sector

By Editors | 21/05/2020

But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.

Cloud & Infrastructure

HK Banks See Fintech More As Opportunity Than Threat – Study

By Editors | 20/05/2020

Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.

Anti-Money Laundering

FSI Takes Stock of Official Sector Response to Rising Financial Crime

By Manesh Samtani | 17/05/2020

There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.

Cybersecurity

FS-ISAC Launches Cyber Threat Intelligence Exchange Platform

By Editors | 13/05/2020

The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.

Data Privacy

ACCC, OAIC Outline Enforcement Approach to Data Rights Breaches

By Editors | 11/05/2020

A ‘strategic risk-based approach’ to compliance and enforcement has been adopted, focusing on building consumer confidence in the security and integrity of the Consumer Data Right system.

Cybersecurity

SFC Offers Guidance on Cyber Risk of Remote Office Arrangements

By Editors | 29/04/2020

In a circular, the SFC sets out examples of controls and procedures to help licensed corporations protect their internal networks and data.

Cybersecurity

China: Critical Technology Subject to Cybersecurity Review from 1 June

By Editors | 28/04/2020

The new regulations, jointly released by 12 government agencies, are not intended to restrict or discriminate against foreign products or services, an official said.

KYC & CDD

SEBI Endorses Technology Use to Facilitate Online KYC

By Editors | 27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Cybersecurity

FSB Consults on Cyber Incident Response and Recovery Toolkit

By Editors | 20/04/2020

The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.