All posts tagged "Cybersecurity"
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706AML / KYCUPDATED – ASIC, Federal Police Dismantle Online Fraud Syndicate
The syndicate is said to have used fraudulently-obtained identities to steal millions of dollars from the superannuation and share trading accounts of innocent victims.
September 18, 2019 -
664Contributed ArticleBig Data: Who’s Writing the Rules of the Game?
A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.
September 17, 2019 -
422KoreaKorean Banks Boost Spending of Cybersecurity, IT: BOK
Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.
September 17, 2019 -
1.1KAsia-PacificUncovering the Terms and Conditions for Technology
Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.
August 27, 2019 -
810ChinaChina to Accelerate Development of Fintech Regulatory Framework
The PBOC said it will accelerate the development of a regulatory framework for fintech in a bid to promote China as a world leader in financial technology.
August 27, 2019 -
419Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
427EnforcementRBI Issues Fines on Multiple Banks Totalling $2.9mn
The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.
August 6, 2019 -
514Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
830Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
707Fintech / RegtechUPDATED – Bitpoint Japan Loses $28m in Crypto in Hot Wallet Hack
The majority of the stolen funds belonged to clients and were held in hot wallets. Crypto exchanges in Japan are required to hold client assets offline in segregated cold wallets.
July 16, 2019
