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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.

Cybersecurity
UBS, Pictet Suffer Data Leak Following Cyberattack on Vendor
By Thisanka Siripala | 20/06/2025
Both banks said client information was not affected by the cyberattack on Chain IQ, only employee-related data.

Data Privacy
ACCC Fines NAB Over CDR Data Quality Issues
By Sanday Chongo Kabange | 19/06/2025
The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.

Operational Risk
“Perfect Storm” of Operational Risks Brewing: APRA Official
By Thisanka Siripala | 19/06/2025
APRA’s Chris Gower said geopolitics, cyber threats, and third-party reliance create operational resilience challenges for the financial sector.

Structural Regulation
RBI Issues New Framework for Electronic Trading Platforms
By Nithya Subramanian | 18/06/2025
Entities seeking RBI authorisation to operate ETPs must be incorporated in India and have a minimum net worth of INR 50 million.

Fraud, Scams & Cybercrime
Thailand to Invest in AI-Powered Anti-Scam Data System
By Nithya Subramanian | 18/06/2025
The upgraded system will be operational in 2026. Meanwhile, recent measures to strengthen scam prevention have reduced losses, said Prasert Jantararuangtong.

Cybersecurity
JVCEA Makes Multi-factor Authentication Mandatory for Members
By Thisanka Siripala | 17/06/2025
The measure comes after a spate of unauthorised transactions in securities accounts this year, highlighting a need to strengthen login security.

Data Privacy
Japan FSA Orders Sompo Insurance to Explain Data Breach
By Thisanka Siripala | 17/06/2025
The data breach potentially affected 17.48 million pieces of customer data, including names and insurance policy numbers.

AI Risk & Governance
BIS Survey Finds Supervisory Use of GenAI Still at Early Stage
By Thisanka Siripala | 16/06/2025
Outdated IT systems, data security concerns, and limited technical expertise are slowing adoption of GenAI at supervisory bodies.

Fraud, Scams & Cybercrime
Australia: Ransomware Payment Reporting Requirement Now in Effect
By Thisanka Siripala | 13/06/2025
Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

Data Privacy
India Publishes Data Governance Framework for Managing User Consents
By Nithya Subramanian | 13/06/2025
The CMS framework aims to transform how organisations collect, validate and manage data consents, ensuring compliance with the DPDP Act.
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