Personal information on 1 billion Chinese citizens was reportedly stolen from a Shanghai police database located on an Alibaba server.
July 19, 2022Eligible companies can transfer data across borders by signing standard contracts with overseas recipients that align with China’s data protection law.
July 1, 2022FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
June 28, 2022MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.
May 25, 2022Recommended model contractual clauses are provided for scenarios where personal data is transferred across borders to another data user or to a data processor.
May 20, 2022Thailand's banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
May 9, 2022Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.
April 30, 2022The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.
April 17, 2022Japan's revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.
April 3, 2022Audit firms can inquire with FIs about the accounts and deposits of entities and individuals under audit. FIs are required to provide assistance.
February 17, 2022