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.

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    Conduct, Culture & Accountability

    UK FCA Sets Priorities and Expectations for Retail Banks in 2025

    By Nithya Subramanian | 30/10/2024

    Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.

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    AI Risk & Governance

    Hong Kong Sets Policy Approach to AI Development

    By Manesh Samtani | 28/10/2024

    The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

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    Climate Risk

    IAIS Published Strategic Plan for 2025-2029

    By Mark Johnston | 27/10/2024

    The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.

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    Cybersecurity

    HKMA Finalises Revisions to E-Banking Risk Management Guideline

    By Manesh Samtani | 27/10/2024

    The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.

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    Cybersecurity

    Korea to Conduct Cybersecurity Exercise for Non-bank Financial Firms

    By Manesh Samtani | 25/10/2024

    A blinded cybersecurity exercise using white-hat hackers will be conducted to test the response capabilities of securities, insurance, and card companies.

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    Cybersecurity

    US SEC Fines Four Companies Over Misleading Cyber Disclosures

    By Mark Johnston | 24/10/2024

    The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.

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    Cybersecurity

    Australia Launches Cyber Resilience Service for Small Businesses

    By Thisanka Siripala | 24/10/2024

    The service, operated by IDCARE, will offer one‑on‑one assistance to help small businesses navigate cyber challenges and bolster their cyber resilience.

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    Data Privacy

    US CFPB Finalises Open Banking Rule, Giving Consumers Control Over Data

    By Nithya Subramanian | 24/10/2024

    The new rule aims to promote competition, improve services, and enhance privacy protections for consumers, but some banking groups have challenged it.

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    Fraud, Scams & Cybercrime

    US Court Indicts Two Sudanese Nationals Linked to DDoS Attacks

    By Nithya Subramanian | 23/10/2024

    The two men operated and controlled Anonymous Sudan, a cybercrime group responsible for several DDoS attacks in the US and elsewhere.

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    Tokenisation

    FSB Chair Updates G20 on Work to Maintain Financial Stability

    By Manesh Samtani | 23/10/2024

    The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.

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