AI, Technology & Data

Cybersecurity

Korea Finalises Internal Control Guidelines for IT Audits

By Thisanka Siripala | 18/02/2025

The guidelines introduce a three-stage IT internal control framework, strengthen audit independence, and standardise IT auditing methodologies.

Resolution & Recovery

Vietnam: Troubled Lender Relaunches as Digital Bank Following Forced Merger

By Nithya Subramanian | 18/02/2025

DongA Bank, now known as Vikki Bank, will remain an independent legal entity but be managed and supported by HDBank to restore its financial position.

Cybersecurity

Thailand Introduces New Mobile Banking Security Regulations

By Mark Johnston | 18/02/2025

BOT has introduced new security regulations for mobile banking services to combat rising cyber threats and financial fraud.

Operational Risk

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Cybersecurity

Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality

By Albert Yuen | 17/02/2025

Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.

Cybersecurity

BNM Consults on New National Strategy for Financial Literacy

By Nithya Subramanian | 17/02/2025

BNM said there have been improvements in financial behaviour and awareness, but consumers face new challenges in the digital era

Fraud, Scams & Cybercrime

Four Arrested in International Operation Against 8Base Ransomware Group

By Thisanka Siripala | 14/02/2025

The international operation involved law enforcement agencies from 14 countries, including the US, UK, Japan, Singapore and Thailand.

Cloud & Infrastructure

NZ Inland Revenue Department Consults on Open Banking

By Sanday Chongo Kabange | 13/02/2025

New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.

AI Risk & Governance

Singapore Unveils New Initiatives to Enhance AI Governance, Safety

By Nithya Subramanian | 13/02/2025

Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.