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The Straits Times: Financial institutions today rely heavily on technology to deliver financial services, Monetary Authority of Singapore (MAS) board member Alvin Tan told Parliament on Monday (April 4) during the second reading of the Financial Services and Markets Bill.
CNN: A Chinese government-backed hacking group has breached local government agencies in at least six US states in the last 10 months as part of a persistent information-gathering operation, investigators at cybersecurity firm Mandiant said.
U.S. News: North Korea is continuing to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programs, U.N. experts said in a report quoting cyber specialists.
Coin Telegraph: The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting “suspicious activities” in user accounts.
South China Morning Post: China’s regulators will exempt Hong Kong from the rigid cybersecurity review process for all initial public offerings (IPOs) in foreign markets by companies with the personal data of at least 1 million customers, according to analysts’ reading of the finalised regulations published.
BNN Bloomberg: Alibaba Group Holding Ltd. conceded it was slow to report a major vulnerability in widely used software because it was unaware of its severity, a day after China’s tech industry overseer suspended cooperation on cybersecurity with the online retail giant.
PYMNTS: Hong Kong cryptocurrency exchange Bilaxy was the victim of a hack that compromised a hot wallet on its platform and saw the transfer of 295 ERC-20 tokens, worth more than $21 million, to a single wallet on Sunday (Aug. 29).
ZDNet: Singapore and the US have inked a series of memorandums of understanding (MOUs) to widen their collaboration in cybersecurity across defence, financial, and research and development.
CNBC: Japanese cryptocurrency exchange Liquid said Thursday it has been hit by a cyberattack that saw hackers make off with a reported $97 million worth of digital coins.
CBC: The United States, Canada, and numerous other nations formally blamed China on Monday for a massive hack of the Microsoft Exchange email server software and accused Beijing of working with criminal hackers in ransomware attacks and other cyber operations.
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