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International

Heightened concern among AP financial services regulators over cyber crime: Deloitte

August 16, 2017 Reprints

A report by U.S.-based consultancy firm Deloitte L.L.P. found that regulators across the Asia-Pacific region are increasingly concerned that cyber criminals will continue to target the financial services sector, MoneyManagement reported. The report said that regulatory approaches across the region remained varied and overly localized, leaving the sector unprotected from data breaches and various cyber crimes. Regulators would need to specifically consider the upgrade of supervisory tools and broader legislative standards in order to deal with the risks, the report added.

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Heightened concern among AP financial services regulators over cyber crime: Deloitte

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