CTC Unveils Service to Evaluate Cybersecurity in Finance

ITOCHU Techno-Solutions Corporation (CTC) announced on the 12th that it has launched the “Financial Cybersecurity Guideline Smart Check Service,” a service for financial institutions that assesses and evaluates the current state of their cybersecurity management systems based on the Financial Services Agency’s (FSA) guidelines and proposes countermeasures. The new service helps financial institutions assess and evaluate their current cybersecurity management systems. Using CTC’s proprietary checklist for the 176 items in the FSA’s “Guidelines for Cybersecurity in the Financial Sector” (hereinafter, the FSA Guidelines) , the service can complete the assessment in approximately two months.

The checklist used in the service addresses multiple elements contained in the FSA guidelines, one by one, to form a single point of discussion. It also includes information to aid in the interpretation of the guidelines and answer questions , minimizing discrepancies in responses due to differences in respondent perspectives. Based on the responses, the service analyzes current security issues from the perspectives of “policy,” “implementation,” “operation,” and “monitoring,” and prioritizes and presents unaddressed items.

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Another feature of this service is that it can utilize its track record and expertise to seamlessly propose product and service selection, implementation, and operational support for issues that are revealed through this service. CTC is promoting the service as allowing financial institutions that have already conducted self-evaluations against the FSA guidelines to systematically re-understand information about their own efforts, which will be useful for future improvements, and aims to receive orders from five companies within one year.

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