This white paper looks at how emerging regulations will impact financial services firms across the Asia Pacific region. In particular, it examines the common themes in many of the regulatory approaches — including themes around
- Executive and Board responsibility,
- Measuring security effectiveness,
- Managing risk in the ecosystem.
It explains why it is so important for security and risk leaders in financial services firms to know their industry’s security performance standards and how finance firms face legal liability for failing to meet customer requirements and industry-wide standards of care for cybersecurity.
It also explains why the Monetary Authority of Singapore Technology Risk Management (MAS TRM) guidelines and the Hong Kong Monetary Authority, who are also enforcing Third-Party Vendor Risk Management guidelines, have brought about significant positive influence to the region in setting up their regulatory guidelines/frameworks.
Download this white paper to learn more about new privacy laws in the region, and to understand what the regulators are currently looking for.