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Recently, Fraudulent payments have occurred at multiple banks connecting cashless payment services provided by funds transfer service providers and cyberattacks taking advantage of the COVID-19 pandemic and targeting teleworking environments. The threat of these cyberattacks might pose significant risks undermining the financial stability.
Therefore, the FSA conducted the fifth Industry-wide Cybersecurity Exercise (“Delta Wall* V”) with about 110 FIs participated to confirm the effectiveness of information sharing with internal and external stakeholders upon cyber incident.
* Delta Wall means a key element in cybersecurity: the triad (Delta) of “self-help,” “mutual assistance,” and “public assistance.”
