Japan’s FSA Announces Cybersecurity Guideline Amendments for Major Banks
The Financial Services Agency (Japan financial regulator) released public feedback results on planned supervisory guideline changes aimed at bolstering cyber risk measures in large banks.
Cyber risk: Potential threats to computer systems, networks, and digital assets arising from malicious activities or system vulnerabilities.
Comprehensive Supervisory Guidelines: A set of regulatory standards outlining oversight procedures and compliance expectations for financial institutions.