Posted on Jun 13, 2019 in
Cybersecurity,
Data Privacy,
Regulation |
Comments Off on The global cyber scourge continues— Hong Kong Monetary Authority alerts banks on recent cyber security incidents
On May 24, 2019, the Hong Kong Monetary Authority (HKMA) issued an alert regarding eight cyber security incidents involving a total sum of HK$70,000 (Alert). While not necessarily a lot of money, it is a timely reminder to banks and the public to stay vigilant across global operations, and to maintain an up-to-date global regulatory strategy. Introduction From the Alert, three banks...