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AI Risk & Governance
GIFT City, Japan Fintech Body to Cooperate on Innovation
By Editors | 27/10/2022
GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.
Cybersecurity
Australia: Hackers Accessed Data of 4m Customers, Medibank Admits
By Manesh Samtani | 26/10/2022
Medibank does not have cyber insurance, and is expected to face investor class actions, on top of lawsuits from angry customers and likely fines.
Fraud, Scams & Cybercrime
UK: Industry Calls for Clear Rules on Data Sharing to Combat Scams
By Mark Johnston | 26/10/2022
RUSI and Stop Scams UK say policy changes are needed to allow data sharing for the purpose of combatting scams.
Cloud & Infrastructure
Korea to “Significantly Expand” MyData Information Items
By Editors | 25/10/2022
The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.
Cloud & Infrastructure
Thai SEC, DFSA Sign MOU on Fintech, Innovation Cooperation
By Editors | 25/10/2022
The agreement will help to promote cooperation on financial services regulation and fintech and regtech innovations.
Data Privacy
HKMA Officially Launches Commercial Data Interchange
By Sanday Chongo Kabange | 24/10/2022
The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
Cloud & Infrastructure
RBI Consults on New Master Directions on IT Governance
By Sanday Chongo Kabange | 23/10/2022
Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
Fraud, Scams & Cybercrime
INTERPOL Launches First Global Police Metaverse
By Editors | 20/10/2022
INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.
Fraud, Scams & Cybercrime
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
Fraud, Scams & Cybercrime
Malaysia’s Scam Response Centre Publishes Guidance
By Editors | 20/10/2022
The National Scam Response Centre’s establishment was announced in Malaysia’s 2023 Budget earlier this month.
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