A new discussion paper released by the government says the Optus and Medibank incidents made clear that the government was "ill-equipped to respond".
March 6, 2023Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.
October 3, 2022Australian Prime Minister Anthony Albanese said the Optus breach was a "huge wake-up call" for the corporate sector.
September 27, 2022The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.
September 26, 2022OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.
November 3, 2021Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as 'significant matters'.
September 3, 2021The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India's data localisation rules.
September 2, 2021Under New Zealand's new financial advice regime, many individuals and entities have not previously been subject to compliance obligations for cybersecurity.
July 30, 2021Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.
June 24, 2021Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
April 15, 2021