AI, Technology & Data

Cybersecurity

EU Adopts New Legislative Package to Strengthen Cyber Resilience

By Thisanka Siripala | 06/12/2024

The legislation will establish a pan-European ‘cybersecurity alert system’ and a ‘cybersecurity emergency mechanism’ to enhance the EU’s response capabilities.

Payments & Settlements

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

Emerging Prudential Risks

Geopolitical Risk Seen as Top Risk to Financial Industry in 2025

By Editors | 05/12/2024

The top threats to the financial industry identified in DTCC’s latest Systemic Risk Barometer Survey were geopolitical risk and cyber risk.

Trading & Investment

Thai Stock Exchange Unveils New Three-year Strategic Roadmap

By Editors | 04/12/2024

The roadmap includes a value-creation platform for listed companies, extended trading hours for certain products, and a platform enabling retail access to government bonds.

Fraud, Scams & Cybercrime

FBI Issues Alert on Use of GenAI for Sophisticated Scams

By Thisanka Siripala | 04/12/2024

The alert includes specific examples of how criminals are exploiting GenAI in fraud schemes to raise public awareness and encourage vigilance

Fraud, Scams & Cybercrime

Malaysia Proposes Stricter Laws to Target Harm from Online Content

By Nithya Subramanian | 04/12/2024

The proposed amendments aim to curb objectionable online content to curb scams, online gambling, bullying and pornography.

Fraud, Scams & Cybercrime

HKMA Announces Two New Anti-Scam Measures for Banks

By Sanday Chongo Kabange | 04/12/2024

“Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.

Cryptocurrency

DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

By Mark Johnston | 04/12/2024

DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

Cybersecurity

SEC Settles ICBC Recordkeeping Charges from 2023 Cyber Incident

By Editors | 03/12/2024

ICBC failed to keep its books and records current for almost four months following the November 2023 ransomware attack. No penalty was imposed.