DPEX Asia Sdn Bhd’s Post

It’s been a big month in the world of privacy and cybersecurity, all covered in this month’s Compliance Radar, now live on our website. Here’s the top line: +  Data breaches have surged in the first half of 2024, the highest figures in nearly four years according to the OAIC. +  The newly introduced Privacy and Other Legislation Amendment Bill 2024 has a smaller scope than expected. +  AUSTRAC has released guidance on meeting your AML/CTF obligations when outsourcing. **About the Compliance Report**  LAB Group continuously monitors the financial services industry landscape for relevant regulatory change. This ensures our product keeps pace with industry needs and regulations. The Compliance Report, published monthly, allows us to share these useful insights with our networks. Read the full Compliance Report on our website here: https://lnkd.in/gDxwbsSs Nick Boudrie, Jason Marsham, Simon Teong, Elliot Krass, Nathanael Johnstone, Lyndon Webster, Marnie Shervey, Sharne Webster To become part of the most connected digital onboarding and client life cycle management platform, speak with LAB Group's expert team or book a demo – https://lnkd.in/gutuJqpV #AML #CTF #globalcompliance #compliancemanagement #globalcompliancesolutions #complianceofficer #labnetwork #labplatform #saas #fintech #banking #regtech #innovation #technology #fintechinnovation #fintechnews #fintechindustry #financialservices #digitaltransformation

Are excessive permissions putting your bank’s security at risk? Role creep is a common challenge for financial institutions. Over time, employees and contractors accumulate access rights they no longer need, creating a significant vulnerability. In our info-graphic, we explore how Role-Based Access Control (RBAC) and regular access reviews can help streamline permissions, tighten security, and ensure your institution stays compliant with strict regulations like GDPR and PCI-DSS. Here’s what you’ll discover: 🔍 Practical steps for managing access rights across diverse user roles. 💻 How automation can help prevent delays in access provisioning. ✅ Why periodic reviews are key to staying compliant and reducing risk. Check out the full infographic here: https://lnkd.in/gCNSxk92 #BankingCompliance #IAM #RiskManagement #FinancialRegulations #DataSecurity

eIDAS 2.0 officially enters into force today 🇪🇺 EU’s new regulatory framework for digital identity and trust services is all set to revolutionize how businesses deal with identities. Next steps: November 21, 2024: Deadline for the publication of the first set of implementing acts related to the EUDI #Wallet and electronic attribute attestations May 21, 2025: Other implementing acts related to all other trust services If you'd like to learn more about #eIDAS2 and other ongoing regulations in the #KYC space, read our latest KYC Insider issue by clicking below:

⏳ 𝐃𝐎𝐑𝐀 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐢𝐧𝐠: 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟏𝟕, 𝟐𝟎𝟐𝟓!⏳ Attention financial institutions—banks, credit unions, insurance companies and ICT service providers! The Digital Operational Resilience Act (#DORA) is on the horizon and compliance is not just necessary; it’s essential for meeting the new regulatory requirements. At VISTA InfoSec, we are here to guide you entirely throughout the DORA #compliance process ensuring your organization remains resilient and secure in the face of evolving challenges. But that’s not all! We also offer a broad range of compliance services, including PCI DSS, SOC 2, and GDPR. Act now to safeguard your future! Think 💭 of IT Services, Think of VISTA InfoSec. Link to our service page: https://lnkd.in/gHyXVWws

ISO / IEC 27001 🤝 DORA Financial services and FinTech firms must go beyond compliance to build trust. Pairing ISO / IEC 27001 certification with DORA mandates ensures organisations stay secure, aligned, and competitive. Why is ISO / IEC 27001 and DORA the perfect pairing? ✔ISO / IEC 27001 provides globally recognised credentials for information security ✔DORA focuses on resilience and third-party risk management specific to financial services and products. Together, they signal your commitment to security, aligning with UK / EU GDPR and other global InfoSec / privacy standards. #FinTech #FinancialServices #DORA 

⏳ 𝐃𝐎𝐑𝐀 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐢𝐧𝐠: 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟏𝟕, 𝟐𝟎𝟐𝟓!⏳ Attention financial institutions—banks, credit unions, insurance companies and ICT service providers! The Digital Operational Resilience Act (#DORA) is on the horizon and compliance is not just necessary; it’s essential for meeting the new regulatory requirements. At VISTA InfoSec, we are here to guide you entirely throughout the DORA #compliance process ensuring your organization remains resilient and secure in the face of evolving challenges. But that’s not all! We also offer a broad range of compliance services, including PCI DSS, SOC 2, and GDPR. Act now to safeguard your future! Think 💭 of IT Services, Think of VISTA InfoSec. Link to our service page: https://lnkd.in/gEu6y6kx

Independence Day Campaign To Offer Freedom from Digital Fear Today, on Philippine Independence Day, UNAWA celebrates "Freedom" to empower businesses with advanced digital solutions that enhance security and operational excellence. At the center of this campaign is SignSecure, which integrates facial recognition into e-signatures, ensuring protection against forgery and legal enforceability. Additionally, UCheck, an advanced tool for Anti-Money Laundering (AML) compliance, offers protection against fraud and ensures strict adherence to regulations. UNAWA, a pioneer in legal tech innovation in the Philippines, celebrates "Freedom" on Independence Day. The campaign aims to empower businesses with solutions to tackle security threats and improve operational excellence. This launch marks a significant advancement in digital security, offering businesses new tools to operate without fear in an increasingly digital landscape. [ Cr by UNAWA ] #VRITIMESID #media #pr #siaranpers #pressrelease https://lnkd.in/gB9kV5QH

Safety First! Encryptus champions advanced security with user-friendly KYC, real-time monitoring, and strict adherence to global regulations. No compromises! 🔒🌐 https://lnkd.in/gHXWsppQ

The fintech sentiment: Are banks ready for DORA? Read the new Finextra industry sentiment article on #European #OperationalResilience #Regulation by Sehrish Alikhan ➡️ https://lnkd.in/dXwrYuU8 #fintech #thelongread #FintechSentiment #finance #money #financialservices #finacialinstitutions #banks #banking #technology #innovation #future #trends #compliance #risk #government #policy #legislation #law #resilience #ICT #security #cybersecurity #EU #DORA #AI #cyberrisk #MFA #testing #riskmanagement 

This is a great article by Linklaters, breaking down #DORA regulations, focusing on operational (mainly IT) or security payment-related incidents. Remember the deadline is 17th Jan 25. Let us know if you need help!