Emerging risks monitor report reveals ESG disclosures increasingly top of mind for executives in Q2 2021. Regulatory risk related to environmental, social and governance (ESG) disclosures has rapidly risen to the second overall position in Gartner, Inc.’s latest Emerging Risks Monitor Report. ESG regulatory requirements present organizations with both notable risks…
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By Loo Siew Yee assistant MD (Policy, Payments & Financial Crime) at MAS. Technology can be a powerful enabler in the fight against money laundering. The right solutions support financial institutions, and I will refer to them as FIs, to more sharply and quickly detect higher risk customers and activities,…
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Raising organisational risk Audit organisations should improve their visibility into change but they should also strive to deploy audit resources faster a February 2021 survey of 200 audit business partners by analyst firm Gartner revealed, that over half (56 per cent) of respondents said they were facing more changes in…
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Brings with him 22 years worth of experience in general investigation, prosecution, administration and forensic account investigation. The Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead agency in digital transformation, today announced the appointment of Mohamad Zakkuan bin Talib as its Certified Integrity Officer to complete its ‘Reinvent’ mission, ensuring MDEC…
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Testing Framework aims to help AI system-owners and or developers . Singapore’s Infocomm Media Development Authority (IMDA) and the PDPC are working with like-minded partners to develop a credible Minimum Viable Product (MVP) that will allow industry to achieve greater transparency around AI systems, and enable organisations to deploy AI…
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Trends in number of government data incidents reported. The Smart Nation and Digital Government Office (SNDGO) has published the second update on the Government’s personal data protection efforts. This annual update is a key recommendation made by the Public Sector Data Security Review Committee (PSDSRC) in November 2019, to enhance…
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The website will help us to recruit Singaporeans from diverse backgrounds. The Security and Intelligence Division (SID), Singapore’s external intelligence agency under the Ministry of Defence, launched its official website (SID.GOV.SG). Established in 1966, SID works closely with government agencies to protect Singapore against external threats and to safeguard our…
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NPC’s new initiative. The National Privacy Commission (NPC) has issued its first guidance on the adoption of tools which compliments data management and cross-border transfer standards across the Association of Southeast Asian Nations (ASEAN), a move that will help Philippine businesses unlock more gains in the fast expanding digital economy…
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The move to digital and online transactions has increased the risk for fraud. The cost of fraud for retail, ecommerce and financial institutions is high. According to the LexisNexis Fraud Multiplier – the total amount of loss a firm occurs based on the US dollar value of a fraudulent transaction…
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Demonstrating accountable data protection practices. Singapore-based insurance company, Great Eastern Life has backed its digitalisation strategy with the Data Protection Trustmark (DPTM) and APEC Cross Border Privacy Rules (CBPR) certifications. The Infocomm Media Development Authority (IMDA) Data Protection Trustmark (DPTM) is a voluntary enterprise-wide certification that recognises organisations with accountable data…
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