As the threat of cyber attacks increases following Russia's invasion of Ukraine, the Bank of Japan will focus on checking the cyber security system of regional banks and other organizations from this year in collaboration with the Financial Services Agency.
From this fiscal year, the Bank of Japan will focus on checking the cyber security system, etc., targeting approximately 500 regional financial institutions nationwide, such as regional banks and credit unions.
The Bank of Japan will conduct a questionnaire survey of regional financial institutions regarding preparations for cyber attacks, share the results with the Financial Services Agency, and encourage prompt system development as necessary.
The threat of cyber attacks is increasing due to Russia's invasion of Ukraine, but regional financial institutions are behind in IT investment compared to major financial institutions, and the Bank of Japan wants to use this inspection as an opportunity to strengthen security measures. ..
Tomoyuki Yamaguchi, Deputy Director of the Bank of Japan's Financial Institutions Bureau, said, "If a financial institution is hit by a cyber attack, it may affect not only the financial institution's own business but also client companies and payments in a wide range. I would like to proceed with efforts to inspect. "
In addition, the Bank of Japan and the Financial Services Agency will jointly check whether domestic financial institutions are taking too much risk in their operations while interest rates are rising overseas.