Regulatory Alerts2006-11-29
Added · Updated
Examinations on Controls over Customer Data Protection
The Hong Kong Monetary Authority issued this circular to outline findings from on-site examinations of authorized institutions regarding their customer data protection controls. It mandates that institutions strengthen safeguards for sensitive data stored on portable devices, hardcopy documents, and by outside service providers to mitigate leakage risks. The document provides a list of common compliance issues and good practices to guide institutions in enhancing their security policies, encryption measures, and incident management procedures.
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