All posts tagged "Cyber risk"
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545Big PictureFMSB Examines Remote Working Risks in FICC Markets
FMSB has published a Spotlight Review on the risks of undertaking financial services activities through new working arrangements, and measures to mitigate these risks.
July 28, 2020 -
1.6KAML / KYCMAS Seeks Expanded Powers to Address Financial Sector Risks
MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
July 22, 2020 -
1.4KInternationalFinancial Sector Suffers More Cyber Attacks Than Any Other Sector
But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.
May 21, 2020 -
833InternationalFS-ISAC Launches Cyber Threat Intelligence Exchange Platform
The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.
May 13, 2020 -
430FeatureFSB Consults on Cyber Incident Response and Recovery Toolkit
The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.
April 20, 2020 -
467Australia & NZAPRA Announces New Commencement Dates for Prudential Standards
The new commencement dates relate to initial margin requirements and APRA's prudential standards on information security, credit risk management and related entity exposures.
April 16, 2020 -
1.0KMalaysiaSC Malaysia Asks Fund Managers to Ramp Up Liquidity Stress Testing
Stress testing should be conducted more regularly to assess the impact on fund liquidity and redemptions, and to pre-empt liquidity shortages before they occur.
April 13, 2020 -
482Australia & NZRBNZ Estimates Cyber-attacks Cost Financial Sector NZ$144m Annually
More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.
February 26, 2020 -
889FeatureFSB Chair Sets Out Focus for Saudi G20 Presidency
The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.
February 21, 2020 -
603Big Picture
Better Supervision Associated with Lower Operational Risk: BIS Paper
Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.
February 14, 2020
