HKMA mandates cybersecurity rules
Hong Kong Monetary Authority is making cybersecurity defence a mandatory rule for banks to implement. But where’s the mandatory rule for firms? Maybe treasurers should establish one.
As cybercriminals become more aggressive, financial regulators around the world are scrambling to bolster their cyber defences. Hong Kong cannot afford to fall behind, said the Hong Kong Monetary Authority (HKMA) on May 18, as it was announcing a joint initiative with the banking industry to tackle the issue of cyber crimes.
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