ADVERTISEMENT
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.
Cybersecurity
US Fintech EquiLend Suffers Ransomware Attack
By Editors | 26/01/2024
Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.
Cybersecurity
UK Government Seeks Feedback on Cyber Governance Code
By Mark Johnston | 25/01/2024
The government said that cyber threats should be prioritised as a key business risk, alongside financial and legal challenges.
Cybersecurity
US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack
By Editors | 24/01/2024
The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.
Structural Regulation
Hong Kong SFC Outlines Strategic Priorities for 2024-2026
By Sanday Chongo Kabange | 24/01/2024
The SFC will explore potential connect initiatives with other markets, embrace tokenisation of traditional products, and introduce AI in its workflows.
AI Risk & Governance
ASIFMA Seeks Regulatory Dialogue on Generative AI
By Ranamita Chakraborty | 22/01/2024
The association urged regulators to endorse GenAI adoption and adopt risk-based frameworks for responsible implementation in financial entities.
Cybersecurity
Quantum Security Risks Loom for Financial Sector: WEF Report
By Mark Johnston | 19/01/2024
The WEF has released a report on the implications of quantum computing for the financial sector, highlighting the need for global collaboration and regulation.
AI Risk & Governance
Financial Sector Urged to Develop AI Governance Frameworks
By Ranamita Chakraborty | 17/01/2024
Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.
Anti-Money Laundering
NYDFS Announces $8m Settlement With Genesis Global Trading
By Editors | 15/01/2024
Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
Cybersecurity
China Orders Banks, Insurers to Tighten Cyber, Data Security
By Mark Johnston | 15/01/2024
Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.
Fraud, Scams & Cybercrime
Singapore Police Using RPA Tech to Disrupt Scams
By Editors | 12/01/2024
RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.