Regulatory Alerts2025-08-25
Added · Updated
E-Banking Security ABCD
The Hong Kong Monetary Authority has rebranded its E-Banking security guidance as "E-Banking Security ABCD" to mandate immediate enhancements in deepfake defense tactics. The regulator requires all Authorized Institutions to review and implement good practices for deepfake detection, citing over 95% improvement in identifying sophisticated attacks among early adopters. Additionally, the HKMA is opening applications for the second cohort of its GenA.I. Sandbox and leveraging academic partnerships to further bolster the banking sector's anti-deepfake capabilities.