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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.

Operational Risk
HKMA Issues Guidance on Operational Resilience Good Practices
By Sanday Chongo Kabange | 02/04/2026
The circular details best practices in ICT, cyber, and third-party risk management ahead of the May 2026 implementation deadline.

Cryptocurrency
Google Warns Quantum Threat to Crypto Is Closer Than Expected
By Manesh Samtani | 01/04/2026
New whitepaper details lower resource estimates for breaking cryptography and urges immediate migration to PQC standards for all vulnerable blockchains.

Cybersecurity
Bangladesh Sets 2026 Deadline for New Cybersecurity Framework
By Mark Johnston | 01/04/2026
The central bank has issued a mandatory framework for banks and payment firms, requiring a CISO, 72-hour incident reporting, and NIST-aligned controls.

Operational Risk
BNM Targets Cyber Risk, Consumer Credit in Latest Stability Review
By Manesh Samtani | 01/04/2026
Bank Negara Malaysia’s latest stability review outlines new measures for operational resilience, consumer credit, and insurance, while affirming the health of the financial system.

Cybersecurity
Bangladesh Bank Sets New Rules for Partner Network Connectivity
By Manesh Samtani | 31/03/2026
BB has issued new guidelines for financial institutions connecting to its extranet, mandating new security and operational standards by year-end.

Cybersecurity
Hong Kong Amends Security Law to Compel Password Disclosure
By Manesh Samtani | 30/03/2026
New rules introduce jail time for non-compliance and expand customs' powers, prompting concern from legal experts and a US diplomatic alert.

Fraud, Scams & Cybercrime
Bangladesh Bank Staff to be Charged Over Decade-Old Cyber Heist
By Nithya Subramanian | 30/03/2026
Investigators have identified nearly 70 suspects, including bank insiders, in the 2016 SWIFT network breach.

Payments & Settlements
RBI Releases Payments Vision 2028, Proposes Shared Fraud Liability
By Nithya Subramanian | 30/03/2026
The RBI plans to make beneficiary banks partly liable for fraud, review cross-border rules, and potentially bring major digital platforms under direct oversight.

Payments & Settlements
New 2FA Framework for Digital Payments Set to Take Effect in India
By Manesh Samtani | 30/03/2026
The new rules, effective 1 April 2026, shift liability for fraud to financial institutions and move away from a sole reliance on OTPs.

Cybersecurity
Korea to Ramp Up Penalties for Late Cyber Incident Reporting, Illegal Spam
By Mark Johnston | 30/03/2026
New amendments introduce fines of up to six percent of sales for spam violations and increase penalties for delayed cyber incident reporting for companies.
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