Japan Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability

This Technical Note focuses on Cyber Resilience and Financial Stability for the Japan Financial Sector Assessment Program. The cyber ecosystem is mature in Japan, with a range of stakeholders involved in ensuring the cybersecurity of the financial sector. The Financial Services Agency (FSA) is respo...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 03611nmm a2200709 u 4500
001 EB002215264
003 EBX01000000000000001352225
005 00000000000000.0
007 cr|||||||||||||||||||||
008 240607 ||| eng
020 |a 9798400276255 
245 0 0 |a Japan  |b Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2024 
300 |a 39 pages 
651 4 |a Japan 
653 |a Finance, Public 
653 |a Public Administration 
653 |a Online Safety & Privacy 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a International organization 
653 |a International institutions 
653 |a Capital and Ownership Structure 
653 |a Goodwill 
653 |a Public Sector Accounting and Audits 
653 |a Financial Institutions and Services: General 
653 |a Pfm information systems 
653 |a International Economics 
653 |a Public financial management (PFM) 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a International Agreements and Observance 
653 |a Information technology 
653 |a Computer security 
653 |a International Organizations 
653 |a Financial sector stability 
653 |a Technology 
653 |a Monetary economics 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a International agencies 
653 |a Value of Firms 
653 |a Economic sectors 
653 |a Financial services industry 
653 |a Monetary policy 
653 |a Cyber risk 
653 |a Security measures 
653 |a Monetary Policy 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Financial sector 
653 |a Financial stability assessment 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9798400276255.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2024/113/002.2024.issue-113-en.xml?cid=548805-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Technical Note focuses on Cyber Resilience and Financial Stability for the Japan Financial Sector Assessment Program. The cyber ecosystem is mature in Japan, with a range of stakeholders involved in ensuring the cybersecurity of the financial sector. The Financial Services Agency (FSA) is responsible for developing and operationalizing the cyber strategy for the financial sector. Cyber risk regulation and supervisory practice need further improvements. The Bank of Japan (BOJ) should strengthen the cyber risk oversight of financial market infrastructures. The FSA would benefit from deepening its analysis of the operational interconnectedness of the financial system. Further improvements in the response and recovery capabilities are recommended. The FSA and BOJ should keep upgrading, as necessary, a range of extreme but plausible cyber scenarios along with their existing Business Continuity Plans and/or Cyber Incident Response and Recovery Plans, for the financial sector. The authorities currently have strong cyber incident reporting regimes in place, with clear definitions, taxonomies, thresholds, and communication channels