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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.

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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