learn more
<https://castlehalldiligence.com>
shutterstock_490960141-1

Industry News: ESG5

      China Fines Didi $1.2 Billion for Violating Cybersecurity and Data Laws

      2022-07-21

      CNN: China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion) for violating cybersecurity and data laws, putting an end to a yearlong investigation into the ride-hailing giant.

      Read more...

      China’s Cabinet Urges Greater Cybersecurity After Mass Data Leak

      2022-07-07

      BNN Bloomberg: China’s cabinet stressed the need to bolster information security, following a huge leak of personal data that could be the largest cyber-attack in the country’s history. 

      Read more...

      N. Korean Hackers Suspected of stealing $100 Million Crypto From US Firm

      2022-06-30

      Korea Herald: North Korea’s state-sponsored Lazarus Group is believed to be behind the recent $100 million cryptocurrency theft from a US blockchain company, the latest in a spate of high-profile cyber heists from the Kim Jong-un regime, London-based blockchain analytics firm Elliptic said.

      Read more...

      Beijing-backed Hackers Breach ‘Major Telecommunications Companies,’ Authorities Warn

      2022-06-08

      The Hill: Cyber hackers backed by China are successfully targeting U.S. telecommunications companies in major breaches, the federal Cybersecurity and Infrastructure Security Agency (CISA) warned.

      Read more...

      How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers

      2022-06-07

      IOL: In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million (R837m). It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea's nuclear weapons programme.

      Read more...

      Singapore Mandates 'Kill Switch' for Banks as Safeguard Against Online Scams

      2022-06-02

      ZDNet: Banks in Singapore will have to provide a "kill switch" as part of a new slew of security measures to safeguard against growing online scams. Consumers also are urged to access their accounts via mobile banking apps, instead of web browsers, to minimise risks. 

      Read more...

      China's Draft Cybersecurity Rules Pose Risks for Financial Firms, Lobby Group Warns

      2022-06-02

      Nasdaq: China's proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters.

      Read more...

      MAS Slaps Additional S$330m Capital Requirement on OCBC Over its Response to SMS Scams

      2022-05-26

      The Business Times: THE Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.

      Read more...

      India to Press Ahead with Strict Cybersecurity Rules Despite Industry Concerns

      2022-05-18

      Financial Post: India will not change upcoming cybersecurity rules that force social media, technology companies and cloud service providers to report data breaches swiftly, despite growing industry concerns, the government said.

      Read more...

      Chinese Hackers Perform 'Rarely Seen' Windows Mechanism Abuse in Three-year Campaign

      2022-05-03

      ZDNet: According to Cybereason, the Chinese advanced persistent threat (APT) group Winnti is behind the campaign, which has gone undetected for years.

      Read more...