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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.

PEPs & Sanctions
OFAC Sanctions Members of Spyware Consortium
By Editors | 06/03/2024
The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Data Privacy
EU Parliament Adopts Framework for Digital Identity Wallet
By Editors | 05/03/2024
The EU wallet will be used on a voluntary basis, allowing EU citizens to identify and authenticate themselves online without using commercial providers.

Cloud & Infrastructure
Singapore Readies New Act to Boost Digital Resilience
By Nithya Subramanian | 01/03/2024
The new Digital Infrastructure Act will improve accountability of cloud services and data centre operators, which are crucial to the financial sector.

Cloud & Infrastructure
BNM Launches Enhanced Framework for Regulatory Sandbox
By Editors | 01/03/2024
The enhanced framework makes it easier for early-stage fintechs to meet the eligibility requirements and introduces an accelerated pathway for regulated firms.

Data Privacy
US to Ban Certain Data Transfers to China, Russia
By Editors | 29/02/2024
Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.

Cybersecurity
Philippine SEC Consults on Cyber Resilience Guidance
By Sanday Chongo Kabange | 28/02/2024
The SEC and PSE are consulting proposed guidance for regulated entities on establishing and maintaining a cyber resilience framework.

Operational Risk
CROs in Asia-Pacific Concerned About Operational Resilience: Survey
By Nithya Subramanian | 28/02/2024
The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

Data Privacy
China Expands State Secrets Law to Include “Work Secrets”
By Editors | 28/02/2024
The expanded law may make it more difficult for foreign firms to access information for making decisions regarding their China operations.

Emerging Prudential Risks
FSB Warns of ‘Challenging Outlook’ for Global Financial Stability
By Manesh Samtani | 27/02/2024
The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

AI Risk & Governance
FS-ISAC Launches New AI Security Standards for FIs
By Ranamita Chakraborty | 26/02/2024
FS-ISAC’s Michael Silverman said six newly published papers provide guidance on the cyber-related risks of AI and best practices for adoption.
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