Companies looking to IPO in Hong Kong would have to undergo a cybersecurity assessment if their data-processing activities may have an impact on national security.
November 16, 2021PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.
November 5, 2021The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021The bill will strengthen the legal framework for financial consumer welfare and foster greater public awareness on cybersecurity, the BSP said.
October 6, 2021The guidelines set out a data governance approach that encompasses five aspects, allowing for flexibility to cater to the specific nature of a bank’s operations.
October 4, 2021The bill requires banks and non-bank FIs to "exhaust all means to ensure that victims are able to recover their monetary loss, if any".
September 17, 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, 2021The plan would require companies seeking overseas listings to hand over management and supervision of their data to third-parties.
August 26, 2021The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.
August 25, 2021The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.
August 24, 2021