Login Register Subscribe
Current Issue


BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

HK regulator publishes cyber security draft rules to guard against broker hacks


(Reuters) — Hong Kong's securities regulator on Monday published a proposal to tighten information security rules after a series of embarrassing hacks at the city's brokers.

The draft rules by the Hong Kong Securities and Futures Commission (SFC) will include requirements for two-step authentication for account log-in and for brokers to notify clients when a transaction had been made, the proposal said.

In addition, the SFC proposes to expand the scope of existing cyber security requirements that currently apply to the trading of on-exchange shares to cover internet trading of a range of securities, including unit trusts, mutual funds.

The SFC said last month it planned to introduce the new rules after a series of digital pump-and-dump schemes targeting brokerages — a little-known type of computer-generated fraud that surged in the Chinese territory last year.

The consultation will be open for two months.