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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
APAC Firms Failing at Cyber Breach Detection – Report
By Manesh Samtani | 22/04/2018
Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.
Cybersecurity
Philippines Targets Retail Finance Digitalisation
By Garima Chitkara | 19/04/2018
BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.
Cybersecurity
HK Brokers Rush to Comply with SFC Cybersecurity Rules
By JP Reimann | 18/04/2018
Several online brokers had been hoping for a delay, tech advisory firm suggests some are ‘willing to trade a little security for convenience’.
Cybersecurity
HK Banks Introducing Biometrics Expected to Comply With IT Upgrade Guidelines
By JP Reimann | 17/04/2018
Secretary for Financial Services and the Treasury expects banks to comply with requirements of HKMA personal data privacy ordinance.
KYC & CDD
Outsourcing Compliance and Cybersecurity is Increasingly Risky Business
By Peter Guy | 16/04/2018
Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically overlap banking system.
Cybersecurity
GFMA Publishes Common Approach for Cyber Penetration Testing
By Manesh Samtani | 05/04/2018
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
Cybersecurity
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
By Manesh Samtani | 01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
Cybersecurity
Systemically Damaging Cyber-attack Inevitable – DTCC
By Manesh Samtani | 21/03/2018
White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.
Cybersecurity
Cyber Threats Top ASIC Agenda
By Samuel Riding | 19/03/2018
Australian securities regulator warns on ‘malicious cybercrime’; says surveillance of OTC markets will be another 2018 priority.
Cloud & Infrastructure
Malaysia Establishes Working Group to Digitise Brokerage Industry
By Garima Chitkara | 18/03/2018
The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.
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