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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.

Structural Regulation
SEBI Standardises System Audit Reports for MIIs
By Nithya Subramanian | 14/04/2025
The new reporting structure aims to enhance audit consistency, improve regulatory oversight, and streamline compliance monitoring across MIIs.

Data Privacy
Kakao Pay Facing Hefty Fine for Unauthorised Data Transfers
By Thisanka Siripala | 13/04/2025
Between April 2018 and May 2023, Kakao Pay transferred data to China’s Alipay belonging to approximately 40.45 million individuals

Cybersecurity
Malaysia, Thailand Partner on Cyber Resilience Efforts
By Sanday Chongo Kabange | 10/04/2025
BNM and BOT’s central banks will collaborate on cybersecurity preparedness and strengthen the cyber defences of both nations’ financial industries.

Cloud & Infrastructure
ASIC Registry Upgrade Project to Include “Director ID Linking”
By Thisanka Siripala | 10/04/2025
As part of its RegistryConnect programme, ASIC is working on linking the director ID register with the Companies Register.

Fraud, Scams & Cybercrime
Multinational Firm Scammed by Deepfake Tech in Singapore
By Nithya Subramanian | 09/04/2025
Singapore and Hong Kong police teamed up to recover over USD 499,000 lost to a scam involving deepfake video technology and digital manipulation.

Cybersecurity
China Proposes Revisions to Strengthen Cybersecurity Law
By Manesh Samtani | 09/04/2025
Penalties can be imposed for the sale or provision of network equipment that hasn’t been properly tested and certified.

Cloud & Infrastructure
Korea FSS Summons Kiwoom Securities to Explain Trading Outages
By Thisanka Siripala | 08/04/2025
Executives from over ten securities firms were called in to discuss measures to ensure stable IT system operations.

Emerging Prudential Risks
India’s Financial Regulators Need Greater Independence: Report
By Nithya Subramanian | 08/04/2025
Report by the IMF and World Bank raises concerns over the MOF’s ability to overturn regulatory decisions, including those by RBI.

Fraud, Scams & Cybercrime
Singapore Ransomware Attack Exposes Data of Bank Customers
By Nithya Subramanian | 08/04/2025
A ransomware attack on a printing service provider has exposed the personal information of over 11,000 DBS and Bank of China customers.

Conduct, Culture & Accountability
New Zealand’s CoFI Implementation Starts Well, Says FMA
By Thisanka Siripala | 08/04/2025
The FMA issued a report presenting findings from a review of 38 fair conduct programmes from FIs operating in New Zealand.
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