Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
June 16, 2022Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.
March 25, 2022The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.
February 22, 2022The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.
January 26, 2022The Sony Life Insurance employee allegedly embezzled $155mn while working on liquidating the reinsurer's assets after it closed.
December 10, 2021The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.
October 5, 2021Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.
July 14, 2021A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.
May 31, 2021The paper looks at possible risks to FIs in the areas of operations, technology, information security, fraud, staff misconduct, among others.
March 3, 2021