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Data Privacy
Korea to Launch National Digital ID in 2024
By Editors | 20/10/2022
An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.
Cybersecurity
Japan FSA Commences Annual Cyberattack Drills with FIs
By Editors | 20/10/2022
The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
Trading & Investment
Hong Kong Leader Announces Measures to Revitalise City
By Manesh Samtani | 20/10/2022
Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.
Cybersecurity
Singapore Establishes Inter-agency Taskforce on Ransomware
By Editors | 20/10/2022
The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.
Fraud, Scams & Cybercrime
Philippines to Curb Scams by Requiring ID Registration for SIM Cards
By Editors | 19/10/2022
Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.
Cloud & Infrastructure
India Launches Digital Banking Units to Advance Financial Inclusion
By Editors | 19/10/2022
The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
Cloud & Infrastructure
Kakao Under Probe Over Unprecedented Service Disruption
By Editors | 19/10/2022
A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.
Conduct, Culture & Accountability
HK Consumer Council Warns of Inadequate BNPL Protections
By Editors | 18/10/2022
The Consumer Council is calling on non-bank BNPL service providers to apply for a Money Lenders Licence and to implement consumer protection measures “as soon as possible”.
Cybersecurity
FSB Proposes to Standardise Global Cyber Incident Reporting
By Editors | 18/10/2022
The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.
Cloud & Infrastructure
India Establishes Protocols for Interoperable Regulatory Sandbox
By Editors | 17/10/2022
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
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