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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    AI Risk & Governance

    Malaysia Launches First Skills Framework for Financial Sector

    By Jaya Prakash Balakrishnan | 25/07/2024

    The framework identifies job roles and skills in high demand as well as career development pathways and capacity building programmes.

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    Cybersecurity

    China Issues Regulations for Revised State Secrets Law

    By Editors | 24/07/2024

    Among other things, the regulations promise rewards for those who report information leaks or the illegal acquisition of state secrets.

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    Stablecoins

    Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

    By Editors | 24/07/2024

    New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

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    Fraud, Scams & Cybercrime

    RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

    By Ajoy K Das | 24/07/2024

    RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

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    Cybersecurity

    Taiwan Issues ‘Zero Trust’ Cybersecurity Guidelines for FIs

    By Manesh Samtani | 23/07/2024

    The guidelines call for FIs to adopt ‘zero trust’ architecture, prioritising the introduction of additional cybersecurity control measures in higher risk areas.

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    Fraud, Scams & Cybercrime

    SC Malaysia Warns of Investment Scams Involving Deepfakes

    By Nithya Subramanian | 23/07/2024

    The regulator has asked the public to be vigilant in evaluating investment offers, and not transfer money into suspicious accounts.

    Structural Regulation

    TAIFEX Amends Rules to Increase Penalties for Violations

    By Editors | 23/07/2024

    The amendments aim to enhance information security standards within futures firms, and better align with penalties in the securities market.

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    Data Privacy

    ASIC Signs Data Sharing MoU With Information Commissioner

    By Sanday Chongo Kabange | 22/07/2024

    ASIC and the OAIC will share data and privacy breach information to enable both agencies to perform their functions more effectively.

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    Fraud, Scams & Cybercrime

    Indian Crypto Exchange WazirX Suffers $230m Crypto Theft

    By Ajoy K Das | 22/07/2024

    WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.

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    Cybersecurity

    Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

    By Manesh Samtani | 22/07/2024

    NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

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