ASIA REGULATORY ROUND UP – HK REGULATORS INSIST ON EFFECTIVE CYBERSECURITY MANAGEMENT
November 1st, 2017
HONG Kong regulators have laid down binding rules on financial institutions insisting that they practice effective cybersecurity management. The special administrative region’s (SAR) Securities and Futures Commission (SFC) has issued ‘Guidelines for Reducing and Mitigating Hacking Risks Associated with Internet Trading’ requiring all licensed or registered internet traders to implement 20 steps to reduce cyber-attack vulnerabilities. One key control, ensuring two-factor authentication for clients to login to their internet trading accounts, is mandatory ...
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