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Episode 152: Cybersecurity in Asia Pacific with Vincent Loy

Vincent Loy, partner in financial Crime & cyber leader from PricewaterhouseCoopers (PwC) joined us in a conversation on the trends in cybersecurity, financial crime & anti-money laundering across Asia Pacific and the implications of technology in fintech. We start with Vincent’s background moving from Singapore to US and UK where he has advised the Interpol & western governments till now in Asia.  Vincent shared his thoughts on how companies should think about cyber-security in different perspectives of people, technology and governance and the best practices in how businesses need to think about cyber-security.

Here are the interesting show notes and links to the discussion (with time-stamps included):

  • Vincent Loy (@vjlpwc , LinkedIn), Partner, Financial Crime and Cyber Leader, PwC. [0:45]
    • How did you start your career? [1:09]
    • His career experience in cybersecurity. [2:20]
    • From your career as a consultant who has advised the Interpol, western governments till now in Asia, what are the interesting career lessons you can share? [3:19]
  • Cybersecurity, Financial Crime and AML in Asia Pacific [4:24] 
    • How do you define security in both the physical and digital world today? [4:24]
    • Can you talk about financial crime and anti-money laundering in general and why it might be important for financial services companies to rethink this? [5:19]
    • The complications with exponential technologies such as bitcoin and blockchain with cybersecurity. [6:12]
    • What are the key challenges for large organizations in dealing with cybersecurity? [8:00]
    • What are the common mistakes made by these organizations as we observe in the West such as the Sony and Target hack? [9:50]
    • What are the top 5 security incidents that Asian companies need to take note of? [12:24]
    • What are the first steps for companies to take on security? [14:51]
    • Does Asian culture or business practices towards cybersecurity different from their western counterparts? [17:20]
    • How should organisations set themselves up in cybersecurity, financial crime and anti-money laundering? [19:20]
    • Given the new wave of startups in fintech and insurtech which skirt around the regulatory tax, how does large companies stacked with compliance cope with the onslaught of these companies? [20:20]
    • What are the trends for financial crime prevention and anti-money laundering in Asia Pacific? [21:56]
    • Can organisations leverage on technologies to tackle financial crime and anti-money laundering? For example, biometric or fingerprint with smartphones to tackle the KYC issue? [23:11]
    • Are they any interesting case studies you can share on how Asian companies tackle cybersecurity? [25:22]
    • What do you see the area of cybersecurity in the next 5 years given its importance to CIOs? [26:17]

References:

Podcast Information:

The show is hosted by Bernard Leong (@bleongcw) and are sponsored by Ideal Workspace (Twitter, Facebook and LinkedIn) with their new Altizen Desk on Indiegogo (Twitter, Facebook, Medium). Also check out Ideal Workspace’s new standing desk, Altizen and sign up for their mailing list. Sound credits for the intro music: Taro Iwashiro, “The Beginning” from Red Cliff Soundtrack. 

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By | 2016-12-21T14:45:13+00:00 December 21st, 2016|Analyse Asia Podcast, Podcast Shows|

About the Author:

A pragmatic idealist in technology, media & entrepreneurship.