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Elevate Your Expertise in Digital Banking! 🌟 Join our course led by Dr. Nizam Shah Allabasc, and gain insights into fraud detection, real-world impacts, and essential defense strategies.🛡️ ▶️ When: 6-7 December 2023 ▶️ Where: Royale Chulan, Kuala Lumpur What You'll Gain: 💡 Real-World Insight: Understand the true impact of fraud on consumers and digital banking. Be a part of the solution to combat threats. 🔒 Strengthen Defenses: Learn key elements of an effective financial crimes program. Equip yourself to assess strengths and fortify defenses. 🛡️ Gain Confidence: With this course, you'll not only identify and prevent fraud but also boost your confidence in securing financial institutions and customers. Don't miss the chance to boost your skills and network with professionals in the field. Contact us to learn more: 📧 Email: [email protected] 📱 WhatsApp: 6011-3613-4122 #skilllyft #hrdcorp #hrdcorpclaimable #digitalbanking #digitalbankingfraud #financialcrime #cybersecurity #paymentsfraud #fraudriskmanagement #frauddetection #fraudprevention

Privacy breach notification, which part do I missed? Privacy breaches need to be reported within 3x24 hours in a form of written notice, notifying to the related data subjects and authority. Notification report at least consist of the following information: 1. What type of personal data that has been breached? 2. When did the breach occur? 3. How did the breach occur? 4. What are the remedial actions taken? What if you're a bank? In term of cyber incident, than you need to comply with SEOJK No.29/SEOJK.03/2022. SEOJK obligate two reporting type as follows: 1. 1x24 hours for initial notification of cyber incident 2. 5x24 hours for cyber incident report Given to above condition than bank shall release the report earlier 3x24 hours to OJK and Authority paralelly including relevant stakeholders (ie. impacted data subject, third party, etc). For reporting purposes, no need to reinvent the wheel, you may utilize SEOJK template form on Appendix IV.a and IV.b https://lnkd.in/ghG2R8GZ Worry not on UU PDP/27/2022, let's discuss! Chairil Tarunajaya Jeffry Kusnadi Ricky Riswanto Shukor Ahmad #pwc #cyber #privacy

Check out our July ESOC Advisor- Safeguard Your Digital Profile: Know Your Vulnerabilities Today’s digital world is both a blessing and a curse. On one hand it makes our lives more efficient, increases our connections, and allows us to do almost everything conveniently from our home or office. On the other hand, virtually everything we do today – from our shopping, travels, banking, and even personal conversations – are digitized and collected. This information is both vulnerable and valuable for the legions of those who would profit from it. PFC Safeguards works with numerous clients to assess vulnerabilities and help mitigate risk. - Steve Krystek, CEO PFC Safeguards

This morning, Steven Mwesige, our Manager of ICT Security and Data Protection was hosted on the NBS Breakfast Meeting. The conversation took a deep dive into cybersecurity, an issue of importance in an increasingly digital world. The interview was part of the NBS TV campaign named "Beera Steady," aimed at educating the public about the risks of cybersecurity in the digital landscape. The host, Qitui Flo was interested in knowing why PostBank participated in the “Beera Steady” campaign. ". Steven responded, letting her know that we were motivated to join the 'Beera Steady' campaign because of our ongoing digital transformation where most of our operations have migrated into the digital realm, exemplified by the recent launch of our Wendi online payment platform. "We want to let our customers know that PostBank is safe for doing business and your money is safe with us," he assured. Steven also pointed out our commitment to cybersecurity in our digital journey. "As part of our digital transformation journey," he revealed, "we took a process-based approach to our cybersecurity." He explained that before implementing the Wendi platform, PostBank embedded cybersecurity measures at every stage to ensure secure transactions for its customers. "Regarding agents or third parties that relate with PostBank," Steven stated, "one of the key aspects of our program is ensuring that all third parties we onboard comply with our policies and controls." He emphasized that there were no exceptions to this rigorous vetting process. "We also perform checks on these third parties, both on-premises and in their integrations," he added, demonstrating our commitment to minimizing risks associated with external partnerships. PostBank prioritizes customer protection, ensuring their interests are safeguarded in the constantly changing digital environment, where the prominence of cyber threats cannot be overlooked. #BeeraSteady #EmpoweringYou #PostBank #Cybersecurity https://lnkd.in/dRY8Q6bC

📣 Lietuvos bankas | Bank of Lithuania 2024 Inspection Plan Announced The Bank of Lithuania's 2024 inspection plan covers 34 financial institutions, focusing on #AntiMoneyLaundering (AML) and #CombatingTheFinancingOfTerrorism (CFT), with a strong emphasis on managing information and communication technology (ICT) and cybersecurity risks. Additional measures include training and consultations for market participants to prevent future violations. 👀 Inspection targets: • 17 electronic money and payment institutions • 5 insurance companies • 4 banks • 3 independent credit intermediaries related to real estate • 2 issuers • 1 credit union, 1 financial broker, and 1 management company The objectives are to enhance cooperation and transparency between regulators and financial institutions, and to address institutional deficiencies. Since 2017, these openly published plans have aimed at fostering proactive risk assessment and more efficient inspections. For more details and inspection timings, visit the Bank of Lithuania's website: https://lnkd.in/eMYJ--rp #BankofLithuania #AML #CFT #CyberSecurity #FintechRegulation

Continued and seamless functioning of financial services infrastructure is a critical priority for Banks, FIs and regulators to ensure trust and smooth functioning of our economy. The recent outages we've observed in Malaysian and across the world, coupled with increasing customer reliance on digital transactions has brought Operational Resilience into sharper focus. Digitalisation and evolving fintech ecosystems have led to an increasingly complex service delivery infrastructure within FIs, Coupled with cyber threats, disruptions are now a certainty as opposed to a possibility - a mindset shift from a reactive to a proactive risk management approach needs to be adopted in order for firms to be able to detect, prevent, respond, learn and adapt to disruptions.   In our latest thought leadership, we discuss Malaysia's progress towards being an Operationally Resilient financial industry against other jurisdictions in the region, the importance of Operational Resilience and most importantly, the benefits that Operational Resilience can bring to FIs.   #OperationalResilience #FinancialServices #CrisisManagement #BusinessContinuity #digitaltransformation #digitalbanking #ey #betterworkingworld #eymalaysia Kay Yeow Ling Hooi Lam (海霖) Chan (陈) Ahmad Qadri Howyan Chin (ACA) Leona Lim

Fraudsters are constantly using sophisticated methods to successfully avoid bank authentication and verification procedures. With how quickly financial services are becoming digitized, the difficulty for anti-fraud experts to recognize and stop such attempts is increased. We’ve got you covered though! 💪 Gain insights on how to better safeguard customer accounts, detect malicious bot activity, and advance collaboration and data-sharing initiatives in our most recent white paper, in collaboration with Regulation Asia. Download it here: https://okt.to/pbZTU6 #Fintech #Compliance #CyberSecurity #AML #APAC

In the rapidly evolving world of corporate banking, one trend is becoming increasingly paramount: #digital #security. Our latest Forrester Survey reveals a compelling insight: a significant portion of business and technology leaders in SEA corporate banks are significantly increasing their investments in advanced security measures. This proactive approach is vital as these banks aim to fortify their digital infrastructure and sustain client trust. Why This Matters? As corporate banks worldwide move towards digital transformation, the strategies being implemented by banks in SEA provide invaluable lessons in resilience and proactive security management. By prioritizing digital security, these banks are not only safeguarding their assets but also strengthening their reputations and client relationships. Do you agree? I’d love to hear your thoughts. Do you have any stories or insights about digital security in the corporate banking sector? Let’s connect and discuss further! #CorporateBanking #DigitalSecurity #Cybersecurity #SoutheastAsia #BankingTrends #DataProtection #DigitalTransformation #RegulatoryCompliance

Fraudsters are constantly using sophisticated methods to successfully avoid bank authentication and verification procedures. With how quickly financial services are becoming digitized, the difficulty for anti-fraud experts to recognize and stop such attempts is increased. We’ve got you covered though! 💪 Gain insights on how to better safeguard customer accounts, detect malicious bot activity, and advance collaboration and data-sharing initiatives in our most recent white paper, in collaboration with Regulation Asia. Download it here: https://okt.to/wP9go3 #Fintech #Compliance #CyberSecurity #AML #APAC