The FSC fined Shanghai Commercial and Savings Bank over leaks of personal data involving 14,000 bank customers.
November 30, 2023Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.
November 20, 2023The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.
October 27, 2023P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.
October 21, 2023Last month, OCBC became the first Singapore bank to introduce the new security feature. Citi, DBS and UOB have now also added the feature.
September 28, 2023The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.
September 10, 2023The law has raised concerns over the excessive powers granted to the government to access private data without consent.
August 11, 2023The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.
August 11, 2023The rules require training data to be accurate, generated content to be properly labelled, security assessments to be performed, and channels for complaints reporting to be established.
July 19, 2023A key focus of the investigation is the possibility of ChatGPT generating false, misleading, or disparaging statements about real individuals.
July 18, 2023