Indonesia’s patchwork data security approach has resulted in several large-scale data leaks; experts say the personal data protection bill is a temporary fix (Antonia Timmerman/Rest of World)

Bloomberg:
Indonesia-based PT Global Digital Niaga, which owns e-commerce group Blibli, raised ~$509M in Jakarta’s second-largest IPO in 2022, after GoTo’s $1.1B April IPO  —  PT Global Digital Niaga, the owner of Indonesia’s e-commerce group Blibli, ended its first day of trade unchanged …

Daryna Antoniuk / The Record:
Australia’s AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more  —  Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.

TechCrunch:
India’s new draft data protection bill proposes allowing cross-border data transfer with certain countries, unlike an earlier version which imposed restrictions  —  India has proposed a new comprehensive data privacy law that will mandate how companies handle data of its citizens …

Mars W. Mosqueda Jr / DealStreetAsia:
Jakarta-based Privy, which offers digital signature and identity verification services, raised a $48M Series C led by KKR, bringing its total funding to $71.6M  —  Privy, a Jakarta-based startup that provides universal identity and digital signature services, has raised $48 million …

Lawrence Abrams / BleepingComputer:
The Vice Society ransomware gang publishes data allegedly from the Los Angeles Unified School District, after the school system did not pay the ransom  —  The Vice Society Ransomware gang published data and documents Sunday morning that were stolen from the Los Angeles Unified School District during a cyberattack earlier this month.

Jasper Jolly / The Guardian:
The UK Treasury expands its guidance on sanctions to mandate that crypto exchanges report suspected sanctions breaches immediately or face penalties  —  New rules in response to Russia’s invasion of Ukraine cover all notionally valuable digital assets  —  Crypto exchanges must report …