Japan Urges Financial Firms to Review Cybersecurity Measures
Tokyo, Oct. 9 (Jiji Press)--Japan's Financial Services Agency on Friday called on financial institutions to review their cybersecurity measures in response to a recent series of customer data breaches caused by unauthorized access. The agency asked financial institutions to examine their response procedures in the event of a cyberattack and take necessary measures promptly if any deficienci...
On October 9, the Financial Services Agency of Japan urged financial institutions to reassess their cybersecurity protocols following a series of recent data breaches resulting from unauthorized access. The agency requested that firms examine their response strategies for cyberattacks and promptly address any identified weaknesses.
It was advised that companies rigorously scrutinize images of identification documents, such as driver's licenses, for inconsistencies, particularly during remote identity verification processes. Financial Services Minister Satsuki Katayama emphasized the importance of implementing robust identity verification methods, including reading data from integrated circuit chips, which are highly effective in preventing unauthorized access.
Additionally, the industry ministry separately announced that it would consult approximately 1,000 industry groups, encompassing sectors like automotive and retail, to evaluate vulnerabilities in communication equipment and systems.
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