The PBOC is looking to address inadequate protection of customer data in the credit reporting industry, explicitly prohibiting the abuse of personal and corporate credit information.
January 14, 2021Commercially and personally sensitive information may have been accessed by malicious attackers who accessed a third-party file-sharing service used by the RBNZ.
January 11, 2021Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.
December 21, 2020The routine inspections are aimed at ensuring consistency in data protection standards in the financial sector amid a changing data industry in Korea.
December 10, 2020SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.
December 7, 2020The proposed investor ID regime is expected to be implemented in Q1 of 2022 at the earliest. A separate reporting regime is proposed for OTC securities transactions.
December 7, 2020The new rules issued by China's SAMR prohibit a range of monopolistic practices and are expected to impact internet giants Alibaba, JD.com, Tencent, and Meituan, among others.
November 12, 2020Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.
October 23, 2020The $6mn in penalties against state-owned banks follows last week's unveiling of what will be China's first unified piece of national legislation on the protection of personal data.
October 23, 2020The breach included clients’ names, contact details, date of birth, bank account information, and identity verification documents of 750 clients.
September 22, 2020