These regulations deal on various facets of technology such as social media risk management, business continuity management, multi-factor authentication, cybersecurity, electronic payments and financial services, virtual assets, and open finance. We recently released advisories on control measures against cyber fraud and attacks on retail electronic payments and financial services, and security controls for application programming interface.
Likewise, we amended our regulations to enhance provisions on fraud management and technology outsourcing. At this point, allow me to share some major industry-wide initiatives to strengthen the industry’s cyber defenses and overall resilience.