Cybersecurity

Payments & Settlements

Cambodia, Japan to Enable Cross-border QR Payments

By Editors | 04/05/2025

In Phase 1, Cambodian Bakong users will be able to make payments in Japan by scanning JPQR. In Phase 2, Japanese users will be able to pay in Cambodia by scanning KHQR.

Payments & Settlements

China Updates Rules for Bank Card Clearing Institutions

By Editors | 04/05/2025

The new rules clarify governance, risk management, information sharing, and reporting management requirements of bank card clearing institutions

Cybersecurity

SEBI Tightens Cybersecurity Framework for Regulated Entities

By Nithya Subramanian | 02/05/2025

SEBI is introducing new classification thresholds, exemptions for smaller entities, and stricter controls for larger market participants.

Fraud, Scams & Cybercrime

JSDA, JPX Take Steps to Address Surge in Securities Account Hacks

By Manesh Samtani | 02/05/2025

JPX is establishing a special team to enhance monitoring while JSDA is working to promote MFA and establish standards for loss compensation.

Data Privacy

China Issues Guidance on Data Protection Compliance Audits

By Manesh Samtani | 01/05/2025

The guidance incorporates the requirements of the Cybersecurity Law, Data Security Law, Personal Information Protection Law and other related regulations and national standards.

Fraud, Scams & Cybercrime

Korean Authorities Mobilise After SK Telecom Hacking Incident

By Nithya Subramanian | 30/04/2025

Korea’s financial authorities have launched emergency measures to prevent identity theft and financial fraud, prompting a surge in consumer demand for account and loan blocking services.

AI Risk & Governance

HKMA Opens Applications for Second Cohort of GenAI Sandbox

By Sanday Chongo Kabange | 29/04/2025

HKMA is also introducing the “GenAI Sandbox Collaboratory”, a platform comprising practical workshops to facilitate early engagements between banks and tech firms.

Fraud, Scams & Cybercrime

Japan Announces New Measures to Protect Society from Fraud

By Manesh Samtani | 28/04/2025

Among the series of measures, law enforcement agencies will create dummy accounts and allow fraud groups to use them to trace the flow of money.

Structural Regulation

China NFRA Announces Regulatory Work Plan for 2025

By Mark Johnston | 28/04/2025

The work plan includes a regulatory overhaul in the trust sector, as well as the introduction of new rules on product suitability, information disclosure, cybersecurity, and custody.