Japan’s Financial Services Agency Opens Public Comment on Insurance Cyber Risk Guideline Revisions
The Financial Services Agency of Japan (Japan financial regulator) said the proposed partial revisions to its Comprehensive Supervisory Guidelines for Insurance Companies are intended to strengthen responses to increasingly serious cyber risk.
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Terms & Concepts
- Cyber risk: The risk of financial or operational harm caused by cyberattacks, data breaches, or other digital security incidents.
- Supervisory guidelines: Regulatory standards that explain how authorities oversee firms and assess compliance, governance, and risk management.