Cybersecurity

Emerging Prudential Risks

RBA, APRA Detail Plans for Building 'Anti-Fragility' into Financial System

By Sanday Chongo Kabange | 15/09/2025

RBA and APRA officials have outlined their approaches to bolster resilience against geopolitical and technological risks faced by the financial sector.

Cybersecurity

China Proposes Heftier Fines for Violations of Cybersecurity Law

By Editors | 15/09/2025

Draft amendment introduces fines of up to CNY 10 million for serious violations and clarifies liability for network operators.

Cybersecurity

FSS Korea Urges BigTech to Strengthen User Protection, Payment Governance

By Mark Johnston | 15/09/2025

FSS governor Lee Chan-jin calls for platform-centred regulation, secure payment environments, and fairer treatment of small merchants.

Fraud, Scams & Cybercrime

Malaysia Mandates MyDigital ID for Prepaid SIM Registration

By Nithya Subramanian | 15/09/2025

All telecom operators have to adopt MyDigital ID for prepaid SIM registrations by year-end, with the MCMC set to strengthen security to curb misuse.

Cybersecurity

Vietnam Investigates Major Cyberattack on National Credit Information Center

By Mark Johnston | 13/09/2025

Regulators launch investigation after hackers claim to have stolen data on most of the population; financial institutions told to review cybersecurity standards.

Fraud, Scams & Cybercrime

Asia-Pacific Countries Join Forces to Battle USD 37 Billion Scams Industry

By Nathan Lynch | 10/09/2025

ASEAN nations are uniting against a $37B scam epidemic, deploying technology, intelligence sharing and education to protect citizens from increasingly sophisticated criminal threats.

Cybersecurity

BIS Identifies Policy As Main Hurdle for Digital Finance Interoperability

By Sanday Chongo Kabange | 09/09/2025

A high-level BIS workshop has found that political differences are the key barrier to interoperability, while warning of escalating AI-driven cyber threats to the financial system.

Fraud, Scams & Cybercrime

Singapore’s GovTech Steps Up Singpass Security to Combat Fraud

By Nithya Subramanian | 09/09/2025

GovTech’s anti-fraud team has introduced real-time facial verification on the national digital ID app to counter cyber intrusions and protect users.

Cybersecurity

South Korea to Impose Stricter Fines For IT Security Breaches

By Sanday Chongo Kabange | 05/09/2025

The FSC will now levy separate penalties for each individual compliance failure, ending its practice of bundling related violations into a single fine.