Regulatory Alerts2008-07-10
Added · Updated
Customer Data Protection
The Hong Kong Monetary Authority issued this circular to remind authorized institutions of the critical importance of protecting customer data confidentiality following recent data leakage incidents. The regulator requires institutions to implement robust control measures for portable devices and end-user computing, designate a senior officer for incident handling, and establish effective reporting procedures to the HKMA and affected customers. Institutions must promptly review their existing data security policies and controls, implementing necessary improvements to mitigate risks from emerging threats and unauthorized access.
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