Investments|Sector Updates

Investments|Sector Updates

MAS provides consultation response to credit bureau, reporting regulations

The Monetary Authority of Singapore (MAS) has issued a consultation response on draft regulations and notices relevant to licensed credit bureaus under the Credit Bureau Act 2016.

CSI eyes bolstered instant payments adoption through pilot program

Computer Services Inc (CSI) will participate in the FedNow pilot program with the aim of increasing the adoption of instant payments in the US.

Sweden temporarily closes infectious diseases database due to hack attempts

The Swedish Public Health Agency temporarily closed down the country’s infectious diseases database SmiNet following several hacking attempts.

US confirms JBS Foods ransomware cyberattack likely Russia-linked

The US has confirmed that the cyberattack on food processing company JBS Foods was a ransomware attack likely coordinated by a Russian group.

Interpol diverts $83m of online fraud from cybercriminals

Interpol claims it has intercepted $83m belonging to victims of online financial crime from being transferred into the accounts of their hackers.

JBS Foods halts production following multinational cyberattack

Food processing giant JBS Foods has closed down production at multiple sites globally following a cyberattack.

Japan suffers large cyberattacks following government, airport hacks

Japan has experienced two recent cyberattacks that were directed at the Fujitsu company and Greater Tokyo-based Narita Airport.

Cybersecurity assessment required for US pipelines following Colonial attack

A Biden administration directive will require US pipeline operators to conduct a cybersecurity assessment on their pipelines following the recent Colonial Pipeline hack.

Does regulation pose a threat to buy now, pay later market growth?

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

Biodiversity tool unveiled to help FIs manage extinction, ecological risk

A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity....

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