All posts tagged "data breach"
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564Big PicturePrivacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study
The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.
April 29, 2020 -
1.3KHong KongHong Kong Considers Reforms to Data Privacy Laws
Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.
February 12, 2020 -
680Big PictureNo Immediate Financial Stability Risks from Cloud Services: FSB
While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.
December 10, 2019 -
2.4KAsia-PacificData Privacy in Asia Pacific: A Fragmented Landscape
Asia's data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.
December 10, 2019 -
479AML / KYC
India’s Cabinet Approves Personal Data Protection Bill
Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company's worldwide turnover, whichever is higher.
December 6, 2019 -
861Fintech / RegtechBCBS Examines Evolution, Risks of Open Banking
While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.
November 20, 2019 -
404Big PictureEffective Governance, Regulation Can Mitigate Cyber Risk: Moody’s
Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.
October 25, 2019 -
545EnforcementEquifax to Pay Up to $700m to US Authorities for 2017 Data Breach
The penalty amounts allocated to the consumer compensation fund represent less than 3 US dollars for each of the estimated 147 million consumers who had their data stolen in 2017.
July 24, 2019 -
969Hong KongHong Kong, Singapore Cooperate on Personal Data Protection
Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.
June 12, 2019 -
2.1KContributed ArticleFor Cybersecurity Best Practice, Look to the Finance Industry
Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.
March 14, 2019
