Regulatory Alerts2022-04-04
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Sound practices for customer data protection
The Hong Kong Monetary Authority issued this circular to share sound practices for customer data protection observed during recent thematic examinations of authorized institutions. The document outlines four key areas for improvement: data governance, customer data inventory management, controls over transmission and storage, and physical and logical security controls. Authorized institutions are expected to regularly assess their data security controls to ensure adequacy amid evolving cyber risks.
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privacy
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