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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    Cybersecurity

    HK Govt Departments to Hold First Joint Cybersecurity Drills

    By Editors | 20/10/2024

    The drills, commencing in November, are aimed at helping government departments and public organisations build their cyber defences.

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    Cybersecurity

    NYDFS Issues Guidance on Combatting AI-Related Cyber Risks

    By Nithya Subramanian | 18/10/2024

    The guidance highlights four key threats arising out of AI and offers recommendations on security controls and mitigation measures.

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    Cybersecurity

    Singapore CSA Launches Guidelines for Deploying AI Systems

    By Nithya Subramanian | 18/10/2024

    New Guidelines and Companion Guide aim to help firms securely adopt AI tech and guide decision-makers on security controls and best practices.

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    Operational Risk

    FSB Proposes Common Format for Reporting Operational Incidents

    By Editors | 18/10/2024

    The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

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    AI Risk & Governance

    HKMA Publishes Research on GenAI in the Financial Sector

    By Editors | 30/09/2024

    HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.

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    Operational Risk

    HKMA Issues New Guidance Responding to Crowdstrike Outage

    By Sanday Chongo Kabange | 30/09/2024

    The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.

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    Cryptocurrency

    Japan FSA Issues Business Improvement Order on DMM Bitcoin

    By Mark Johnston | 30/09/2024

    DMM Bitcoin has until 28 October to submit plans to the FSA specifying measures to prevent a recurrence of the bitcoin theft it suffered in May.

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    Cybersecurity

    G7 Experts Warn of Quantum Computing Risks to Financial Sector

    By Nithya Subramanian | 27/09/2024

    The G7 Cyber Expert Group is calling on FIs to prepare for vulnerabilities that could arise from quantum computing.

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    Cryptocurrency

    Singapore Court Grants WazirX Four-Month Conditional Moratorium

    By Nithya Subramanian | 27/09/2024

    The moratorium allows WazirX four months to resolve customer losses from a $230mn hack the company suffered in July.

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    Cybersecurity

    MAS Forms Panel of Cyber & Technology Resilience Experts

    By Nithya Subramanian | 26/09/2024

    The panel comprises 13 experts who will advise MAS on technology risks and threats facing the financial sector.

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