DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

JPN Considers Crackdown on Data Protection

Posted on July 2, 2009 by Dissent

A number of control failures at Japanese financial services firms, which occurred even after warnings were issued by the country’s regulators, has prompted Japan’s finance minister to suggest tougher enforcement penalties be introduced.

In a recent speech, finance minister Kaoru Yosano said financial regulators might have to introduce tougher penalties for financial institutions that fail to properly adhere to data protection and anti-money laundering requirements.

Yosano’s comments follow a data breach at Mitsubishi UFJ that led to a former employee of its brokerage unit stealing 1.5 million customer records. Although the Japanese Financial Services Authority (JFSA) ordered Mitsubishi to overhaul its internal security following the incident, Yosano said tougher sanctions might be needed to provide banks greater incentive to deter such episodes.

Read more on Bobsguide.

No related posts.

Category: Financial SectorNon-U.S.

Post navigation

← Stolen Malaysian CC Found in AU Raids
A Treasure Trove For Hackers →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Ex-student charged with wave of cyber attacks on Sydney uni
  • Detaining Hackers Before the Crime? Tamil Nadu’s Supreme Court Approves Preventive Custody for Cyber Offenders
  • Potential Cyberattack Scrambles Columbia University Computer Systems
  • 222,000 customer records allegedly from Manhattan Parking Group leaked
  • Breaches have consequences (sometimes) (1)
  • Kansas City Man Pleads Guilty for Hacking a Non-Profit
  • British national “IntelBroker” charged with causing $25 million in damages; U.S. seeks his extradition from France
  • France issues press statement about arrest of ShinyHunters members
  • Patients Allege Home Delivery Pharmacy Failed to Timely Notify Them of Data Breach
  • Hackers breach Norwegian dam, open valve at full capacity

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Microsoft’s Departing Privacy Chief Calls for Regulator Outreach
  • Nestle USA Settles Suit Over Job-Application Medical Questions
  • NY Attorney General James Affirms Hospitals Must Provide Access to Emergency Abortion Care
  • How Internet of Things devices affect your privacy – even when they’re not yours
  • Sky Views Personal Data as a Potential Weapon in IPTV Piracy War
  • Florida Used a Nationwide Surveillance Camera Network 250 Times To Aid in Immigration Arrests
  • Federal Court Strikes Down HIPAA Reproductive Health Care Privacy Rule

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.