Cybersecurity

Data Privacy

Korea FSS Probes NH Nonghyup Life for Alleged Data Privacy Breaches

By Mark Johnston | 25/11/2025

FSS accuses insurer of accessing credit data without consent; company claims actions align with Credit Information Act exceptions.

Fraud, Scams & Cybercrime

Australia Regulator Fines Optus for Breaching Anti-Scam Rules

By Sanday Chongo Kabange | 25/11/2025

The penalty follows failures in identity verification processes that allowed scammers to access customer bank accounts, the communications authority said.

Cybersecurity

FSC Korea Pledges to Overhaul Regulatory Framework for Payment Gateways

By Mark Johnston | 24/11/2025

FSC chairman warned of strict penalties for negligence regarding consumer data after a hacking incident at Lotte Card compromised millions of customers' personal data.

Fraud, Scams & Cybercrime

BIS Paper Says Payment Pre-validation is Key to Reducing Fraud

By Nithya Subramanian | 24/11/2025

A BIS paper warns that global adoption of payment pre-validation remains slow despite its strong potential to cut errors and curb fraud in international transactions.

Fraud, Scams & Cybercrime

Australian Insurers to Launch National AI-Powered Anti-Fraud Platform

By Sanday Chongo Kabange | 24/11/2025

The industry-wide initiative aims to securely share data to combat organised crime, with a focus on privacy and regulatory alignment.

Payments & Settlements

India’s NPCI Tightens Scrutiny of UPI Third-party Apps

By Nithya Subramanian | 23/11/2025

The UPI operator is raising compliance requirements for third-party apps amid concerns over governance lapses and rising regulatory scrutiny.

Fraud, Scams & Cybercrime

Industry Officials Push for Phase-Out of OTPs, New Fintech Listing Rules

By Sanday Chongo Kabange | 21/11/2025

The move away from OTPs is expected to reduce the cost of payments. Industry is moving toward biometric-based passkeys and tokenised verification.

Data Privacy

Korea Mandates In-Branch Access for Open Banking and MyData Services

By Mark Johnston | 21/11/2025

The FSC aims to bridge the digital divide by requiring major banks to offer face-to-face support for open finance services, effective 19 November.

Fraud, Scams & Cybercrime

US, UK and Australia Sanction Russian Cybercrime Network

By Nithya Subramanian | 20/11/2025

The three countries jointly sanctioned two Russian cybercriminals and two affiliated firms accused of providing “bulletproof hosting” for global ransomware attacks.