, BOJ warns of cyber-attack vulnerability ahead of Olympic Games – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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BOJ warns of cyber-attack vulnerability ahead of Olympic Games – Source Reuters Tech News

, BOJ warns of cyber-attack vulnerability ahead of Olympic Games – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

FILE PHOTO: A man walks past the Bank of Japan building in Tokyo, Japan January 15, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Japan’s financial institutions must guard against cyber-attacks ahead of the 2020 Tokyo Olympic Games, with nearly 40% of banks and other firms experiencing attacks over the past three years, the Bank of Japan said on Friday.

The increasing threat of cyber-attacks has prodded the Bank of England and other central banks to take action to ensure that banks, insurers and other financial firms minimize the impact of cyber-attacks or technology outages.

In a BOJ survey conducted in September, nearly 40% of respondents said they had experienced cyber-attacks, and more than 10% had suffered disruptions to their business.

Over 70% believed the threat of cyber-attacks has increased since 2017 – the last time the BOJ conducted a similar survey – while nearly 60% said they have departments specializing in cyber incidents, the survey showed.

Still, about 60% of…

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Source Reuters Tech News

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