cybersecurity
In recent years, there has been a rapid increase in the amount of damage and number of reported cases of special fraud and SNS-based investment/romance scams. The banking industry needs to fundamentally strengthen countermeasures to protect customers' assets. Financial institutions have been monitoring deposit accounts and transaction histories,
secure computation
NTT Communications, the National Institute of Advanced Industrial Science and Technology (AIST), Nomura Research Institute, NRI Secure Technologies, and GMO CyberSecurity by Ierae have published the interim report on the "Guidelines for Data Utilization Using Secure Computation." The aim is to promote the understanding and utilization of secure
crypto
Hong Kong-based RigSec Technology, a leading provider of regulated digital asset wallet solutions, and Tokyo-based Vlightup have begun discussions to collaborate on solving security issues in cryptocurrency wallets. The partnership aims to leverage the technological strengths of both companies to provide a safer and easier-to-use wallet solution. RigSec is a
web3
Digital Asset Markets has formed a strategic partnership with Intertrade, a software house for financial institutions and a shareholder of DAM, and Fireblocks, a digital asset infrastructure provider, to support the creation of Web3 infrastructure for Japanese companies. Background Financial services based on Web3 technology have undergone rapid technological innovation
insurtech
Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has invested an undisclosed amount in Coalition, a U.S.-based cyber InsurTech company and a leading provider of cyber insurance with advanced cyber risk assessment technologies. MSI and Coalition have collaborated since 2022 and developed a service,
banking
This week, SMBC announced a new joint venture in cybersecurity, as well as enhanced philanthropy advisory services. Cybersecurity Sumitomo Mitsui Financial Group, Mitsui Sumitomo Insurance of the MS&AD Insurance Group, Cyreeg, and E-Guardian established SMBC CyberFront on February 17, 2025, with full-scale business operations, including service provision to
banking
The Bank of Japan has published an annex to its "Financial System Report" focusing on the results of a cybersecurity self-assessment (CSSA) for regional financial institutions in Japan during fiscal year 2023. 1. Introduction & Background * Purpose of the Report: The Bank of Japan (BOJ) and the Financial
cryptocurrency exchange
The Federal Bureau of Investigation, Department of Defense Cyber Crime Center, and National Police Agency of Japan are alerting the public to the theft of cryptocurrency worth $308 million U.S. dollars from the Japan-based cryptocurrency company DMM by North Korean cyber actors in May 2024. The theft is affiliated
crypto
In December 2024, the Liberal Democratic Party Digital Society Promotion Headquarters established a new "web3 Working Group" and started a system in which the experts who have been providing continuous advice from a professional perspective as WG members of the previous web3PT (web3 Project Team) will continue to
banking
South Korean cybersecurity firm RaonSecure has won a contract worth 3.57 billion won (approximately $2.7 million USD) with Japan’s Sumishin SBI Net Bank to provide its biometric authentication solution, TouchEn OnePass. The deal marks a significant expansion of RaonSecure’s presence in Japan, following the company’s