Cybersecurity

    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.

    AI Risk & Governance

    Taiwan Launches Sovereign AI Project for Financial Sector

    By Nithya Subramanian | 25/04/2026

    A consortium of 16 financial institutions, backed by FSC, will develop a large language model trained on local laws to reduce reliance on foreign technology.

    Fraud, Scams & Cybercrime

    Sri Lanka Probes $2.5m Cyber Heist from Finance Ministry

    By Nithya Subramanian | 25/04/2026

    Hackers diverted a sovereign debt repayment intended for Australia, prompting an investigation into internal control failures and triggering calls for greater parliamentary oversight.

    Cybersecurity

    India, Japan Scrutinise Anthropic’s ‘Mythos’ AI Model Over Cyber Risks

    By Nithya Subramanian | 24/04/2026

    Regulators from India, Japan, Hong Kong, Australia and Korea are among those holding talks with banks amid fears the advanced AI could accelerate cyberattacks.

    Cybersecurity

    NEC Launches Shared Cybersecurity Centre for Japan's Regional Banks

    By Manesh Samtani | 22/04/2026

    The initiative aims to help smaller FIs address rising cyber threats, talent shortages, and regulatory demands through a collaborative framework and shared services.

    Cybersecurity

    BOJ Paper Urges Adoption of Stricter Open API Security Standards

    By Manesh Samtani | 22/04/2026

    Research paper recommends financial firms look beyond the FAPI 2.0 baseline, incorporating tougher overseas measures to bolster open finance security.

    Custody & Infrastructure

    SFC Outlines Priorities for Digital Asset Regulation in 2026

    By Sanday Chongo Kabange | 21/04/2026

    The SFC is prioritising new licensing laws, tokenisation guidance, and pragmatic custody solutions in its next phase.

    Data Privacy

    China Loosens Rules on Use of Digital Trade Documents, Data Transfers

    By Manesh Samtani | 21/04/2026

    Ten government bodies have jointly issued new rules to promote and standardise the use of electronic documents in trade and finance.

    Cybersecurity

    Singapore Regulator Urges Banks to Bolster Defences Over ‘Mythos’ Concerns

    By Nithya Subramanian | 21/04/2026

    Financial authorities in Singapore, Hong Kong, Australia and South Korea are taking action over cybersecurity risks posed by Anthropic's new AI model.

    Data Privacy

    EU Approves Global Use of GDPR Certification for Data Transfers

    By Manesh Samtani | 21/04/2026

    The decisions approve an updated Europrivacy seal for global use and endorse it as a formal mechanism for international data transfers.

    Cybersecurity

    Korea Divided on Breach Reporting Law for E-commerce Firms

    By Mark Johnston | 20/04/2026

    A legislative proposal to mandate that e-commerce firms report security breaches to financial authorities faces resistance from the regulator and industry.

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