All posts tagged "Cybersecurity"
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120Asia-PacificBSP Proposes Prudential Requirements for Digital Banks
The BSP proposes a 3 percent RRR for digital banks, aligning them with thrift lenders. A 7th licence will not be issued at the stage as previously planned.
October 11, 2021 -
215FeatureSingapore Launches New Cybersecurity Strategy
The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.
October 7, 2021 -
110Asia-Pacific
BSP Urges Passage of Bill to Tackle Rising Cybercrime
The bill will strengthen the legal framework for financial consumer welfare and foster greater public awareness on cybersecurity, the BSP said.
October 6, 2021 -
235FeatureSFC Issues New Guidance on Remote Working Risks
The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.
October 5, 2021 -
185FeatureBNM Launches New Cyber Threat Intelligence Platform
FinTIP leverages machine algorithms and human experts to correlate, normalise, enrich, and sanitise contributed data to produce "real-time actionable intelligence".
October 4, 2021 -
141Australia & NZRBA Issues Recommendations to Address Risk Issues at ASX
The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.
September 30, 2021 -
177InternationalFIs Increasingly Sharing Data to Prevent, Mitigate Cyberattacks
Global cyber intelligence sharing among financial institutions increased 60 percent in the past year, driven by supply chain and ransomware threats.
September 28, 2021 -
245MalaysiaBNM Issues New Regulatory Requirements for Merchant Acquirers
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
September 23, 2021 -
221AML / KYCUS Sanctions Crypto Firm Over Ransomware Payments
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
September 22, 2021 -
208FeatureSingapore Minister Urges FIs to Pursue International Postings
MAS will extend the funding duration from 3 to 6 months for the overseas component of its Finance Associate Management Scheme starting next year.
September 7, 2021
