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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.
AI Risk & Governance
BIS Urges Central Banks to Keep Pace with AI
By Nithya Subramanian | 27/06/2024
In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.
PEPs & Sanctions
EU Imposes New Cyber Sanctions Against Six Russian Actors
By Editors | 25/06/2024
The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.
Structural Regulation
US Teasury Proposes Rules to Curb Investment in Chinese Tech
By Editors | 25/06/2024
The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.
Fraud, Scams & Cybercrime
BSP Details Efforts to Address Fraud and Scam Threats
By Bradley Maclean | 25/06/2024
BSP officials discuss efforts to address fraud and scam threats through new requirements for banks and a thematic review of fraud management during 2024.
AI Risk & Governance
Taiwan Finalises Guidelines on Use of AI in Financial Industry
By Manesh Samtani | 25/06/2024
The guidelines are not legally binding, but are intended to provide direction and best practices for financial institutions.
PEPs & Sanctions
OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab
By Editors | 22/06/2024
Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.
Fraud, Scams & Cybercrime
Singapore Sets Anti-Scam Obligations for E-Commerce, Messaging Platforms
By Editors | 21/06/2024
Failure to comply with the new codes of practice will be considered a criminal offence under the Online Criminal Harms Act, which took effect in February.
Clearing & Post-Trade
SEBI Issues Framework for System Audits of Clearing Members
By Ajoy K Das | 20/06/2024
System audits should encompass “all the IT resources” of professional clearing members to identify any “major or minor non-compliances”.
Market Data & Technology
KRX Forms Task Force to Improve Preparedness for Market Outage
By Manesh Samtani | 20/06/2024
The task force was formed in response to the technical issue that occurred earlier this month at the NYSE, which caused stock prices to drop unexpectedly.
Fraud, Scams & Cybercrime
Australia NASC Joins Anti-Scam Intelligence Sharing Platform
By Sanday Chongo Kabange | 19/06/2024
The NASC will be able to share and receive more intelligence such as scam phone numbers, URLs, and bank accounts and use it to protect more Australians.
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