Cybersecurity

Data Privacy

Australia’s Digital ID Bill Passes House of Representatives

By Mark Johnston | 16/05/2024

The scheme will soon extend to state and territory governments, with the private sector to follow within two years.

Data Privacy

China Issues Data Security Rules for Accounting Firms

By Editors | 14/05/2024

The rules require audit working papers to be stored within China. Encryption devices and encryption keys must also be in China.

Cybersecurity

Singapore: Next Phase of FSMA Implementation Has Commenced

By Editors | 14/05/2024

MAS can now impose fines up to S$1mn for non-compliance with technology risk management requirements.

Cryptocurrency

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.

Cybersecurity

Singapore Parliament Passes Cybersecurity Amendment Bill

By Nithya Subramanian | 13/05/2024

The amendments introduce stricter reporting requirements for owners of CII and give more teeth to the CSA.

AI Risk & Governance

China, France Commit to Jointly Address AI Risks

By Editors | 10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

Fraud, Scams & Cybercrime

Singapore Law Firm Pays $1.4m Ransom Demand

By Editors | 08/05/2024

The law firm was initially asked to pay $2mn, but the Akira ransomware group agreed to lower the amount after negotiations.

Data Privacy

Hong Kong, Shenzhen Pilot Cross-Border Data Platform

By Sanday Chongo Kabange | 07/05/2024

Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

Cybersecurity

Taiwan to Bolster Security Standards for E-Payments Firms

By Editors | 07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.