IMF Staff Country Reports

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

Publication Date:

May 13, 2024

Electronic Access:

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Summary:

Japan’s financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, the pace of digitalization in Japan has increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and beyond, make Japan vulnerable to evolving cyber threats. The Financial Services Agency (FSA) and Bank of Japan (BOJ) have made progress in enhancing the cyber resilience of the financial sector, but further work and enhancements are needed.

Series:

Country Report No. 2024/113

Subject:

International organization Monetary policy

Frequency:

regular