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Japan Financial Services Agency: Results Of The G7 Cybersecurity Seminar 2023

Date 28/06/2023

1.Overview of the event

On May 9, 2023, the Financial Services Agency (FSA) hosted the "G7 Cybersecurity Seminar 2023" in a hybrid arrangement attended by more than 400 in-person and on-line participants both from Japan and overseas.

 

At the seminar, speakers from government offices and financial industry from Japan and abroad, including one of the co-chairs of the G7 Cyber Expert Group (CEG)*, engaged in lively discussions on the agenda from multiple points of view-- the agenda being: recently published/amended G7 Fundamental Elements (FEs) documents (i.e., updated FEs for Third Party Cyber Risk Management and FEs for Ransomware Resilience), aimed at strengthening cybersecurity in the financial sector; and the enhancement of cybersecurity at regional financial institutions.

*G7 CEG: Established in 2015 with the endorsement of the G7 Ministers of Finance and Central Bank Governors’ Meeting to foster cybersecurity in the financial sector and to enhance cooperation among the G7. Its members include the FSA, as well as financial regulators, ministries of finance, and central banks from G7 countries and the European Union (EU).

 

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