Browsing: orders

Add preferred source South Korea’s Financial Supervisory Service (FSS) announced on the 13th that K-IFRS 1118, “Presentation and Disclosure in Financial Statements,” will become mandatory starting January 1, 2027, and urged companies to conduct advance preparation reviews. Under the new standard, income statements must classify revenue and expenses into five categories—operating, investing, financing, income tax,…

South Korea’s financial regulator ordered every bank, card issuer, and savings institution in the country to inspect their externally exposed IT systems after a fast-moving wave of data breaches hit at least four major lenders in four days. The Financial Services Commission (FSC) issued the sector-wide directive on October 2, 2026, following disclosures from Shinhan…

On August 13, the California DFPI announced a consent order requiring a Utah-based mortgage company to pay $825,000 for allegedly failing to adequately protect the personal information of more than 284,000 individuals, including over 34,000 California residents. According to the consent order, a threat actor breached the company’s network in March 2023, installed malware, stole employee credentials, and used…