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FSC tightens cybersecurity rules - Taipei Times

The nation’s securities and futures companies must reveal cybersecurity incidents, consequent losses and countermeasures in annual reports from next year, given the rising frequency of cyberattacks in the past few years, the Financial Supervisory Commission (FSC) said on Tuesday. Currently, securities and futures companies only need to report such incidents to the Taiwan Stock Exchange (TWSE) and the commission within 30 minutes after a hacking attack is detected. To enhance information disclosure to investors, the commission said that companies need to reveal such incidents in annual reports as well. However, only incidents that cause serious losses would need to be disclosed,

President Securities and Yuanta report hacking

Yuanta Securities Co (元大證券) and President Securities Corp (統一證券) yesterday said that their sub-brokerage trading systems were hacked, with several clients buying Hong Kong-listed stocks against their will. President Securities said in a statement that a sub-brokerage trading account belonging to one of its clients showed abnormal activity on Thursday afternoon and further investigation revealed that seven such accounts had purchased Hong Kong stocks, despite the owners not placing such orders. The company blocked suspicious network segments, notified the clients and asked them to change their passwords, and suspended its digital trading channel for suspicious stocks, it said. Yuanta Securities also reported that

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