Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over
Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks. In Australia, authorities expect lenders to be vigilant to ensure clients aren’t put at risk by inadequate controls.
The actions around the region reflect rising global concern over Mythos as regulators discuss with financial firms how they are handling the cybersecurity risks raised by the model, which has so far ...