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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.

Fraud, Scams & Cybercrime
Indonesia Arrests Alleged Hacker Over Breach of 4.9M Bank Accounts
By Sanday Chongo Kabange | 06/10/2025
A 22-year-old suspect accused of stealing millions of customer records from a private bank and attempting extortion faces a potential 12-year prison sentence.

Emerging Prudential Risks
Australian Central Bank Flags Global Market, Cyber and China Risks
By Editors | 03/10/2025
The RBA has identified vulnerabilities in global markets, operational resilience, and China as key threats, while noting Australia's domestic system remains sound.

Cybersecurity
HKMA Tenders for Advanced Threat Detection System
By Manesh Samtani | 03/10/2025
The HKMA is seeking a solution to monitor encrypted traffic and automate responses to sophisticated cyber threats, including APTs.

Cybersecurity
APAC Payments Sector Faces Urgent Call to Act on Quantum Computing Risks
By Editors | 02/10/2025
An industry report warns of "harvest-now, decrypt-later" cyber threats and urges banks and payment providers to upgrade cryptographic defences amid a significant awareness gap.

Cybersecurity
ACCC Authorises Coordinated Payments System Security Upgrade
By Sanday Chongo Kabange | 30/09/2025
The eight-year authorisation allows financial institutions to jointly manage the industry-wide migration to the advanced encryption standard (AES) to counter future cyber threats.

Cybersecurity
MAS Completes Quantum Security Trials to Safeguard Financial Networks
By Nithya Subramanian | 30/09/2025
A proof-of-concept sandbox on QKD highlighted both benefits and gaps, with findings revealing the need for interoperability, stronger assurance, and international standards.

Emerging Prudential Risks
HKMA Warns of Systemic Risk from Tech Provider Dependency
By Manesh Samtani | 30/09/2025
Indirect dependency, where a firm's direct supplier relies on another tech provider, could be a significant and often overlooked channel for the transmission of operational risks.

Cybersecurity
India Bank Transfer Data Exposed in Massive Cloud Leak
By Nithya Subramanian | 30/09/2025
Research by cybersecurity firm, UpGuard, discovered that more than 270,000 bank transfer documents were exposed online, revealing customer account numbers, contact details and transaction data.

Cloud & Infrastructure
Singapore Tables Bill to Allow E-Mortgages, Remote Witnessing for Property Deals
By Editors | 26/09/2025
New legislation will create government-run digital platforms for conveyancing, allowing for legally binding electronic deeds and signatures for property transactions.

Payments & Settlements
RBI Mandates 2FA and New Security Rules for Digital Payments
By Nithya Subramanian | 26/09/2025
RBI has issued new rules on digital payment authentication, promoting methods beyond SMS OTP and tightening issuer duties with stronger fraud safeguards.
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