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Cybersecurity
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
JSDA to Make Multi-Factor Authentication Mandatory for Members
By Editors | 21/04/2025
Customers of six brokerage firms had their accounts hacked, resulting in almost JPY 100 billion worth of unauthorised trades.
AI Risk & Governance
Hong Kong DPO Publishes Technical and Application Guideline for GenAI
By Editors | 21/04/2025
The guideline is intended to facilitate the development and application of generative AI technology in a safe and responsible manner
Cybersecurity
HKMA Issues Guidance on Defending Against DDoS Attacks
By Manesh Samtani | 21/04/2025
HKMA shares key learnings from DDoS incidents in Hong Kong that resulted in service impacts and disruptions for customers
Cybersecurity
Singapore Panel of Cyber Experts Convenes for Inaugural Meeting
By Editors | 21/04/2025
The CTREX Panel, formed in August 2024, said FIs should start preparing for a post-quantum security landscape, among other recommendations.
AI Risk & Governance
US Imposing New Controls on Chip Exports to China
By Manesh Samtani | 21/04/2025
US lawmakers accuse China’s DeepSeek are circumventing US export controls by smuggling chips through intermediary countries like Singapore
Fraud, Scams & Cybercrime
Japan FSA Orders Prudential Life Insurance to Address Misconduct
By Thisanka Siripala | 16/04/2025
The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.
Cybersecurity
JPX Investigates Potential Data Exposure After Email Security Breach
By Thisanka Siripala | 16/04/2025
A breach at email security services provider IIJ affected up to 4 million email accounts. JPX is assessing whether its own data was compromised.
Cybersecurity
FSB Finalises Common Format for Cyber Incident Reporting
By Manesh Samtani | 16/04/2025
FIRE is a standardised and adaptable format developed to enhance the efficiency and consistency of cyber and operational incident reporting.
Fraud, Scams & Cybercrime
HKMA Unveils New Measures to Bolster E-Banking Security
By Sanday Chongo Kabange | 15/04/2025
Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.
Cybersecurity
Additional Victims Identified in Super Fund Cyber Attack
By Editors | 15/04/2025
An additional six AustralianSuper accounts were found to have lost a combined AUD 250,000, bringing the total losses to AUD 750,000.
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