ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Economy

Japan eyes corporate disclosures on cybersecurity

Voluntary guidelines would help leading adopters set example in private sector

TOKYO -- Japan will encourage companies to inform investors about their cybersecurity measures, aiming to promote broader awareness of the issue in the private sector as the spread of the "internet of things" raises new security risks.

The proposal was included in a report on security involving the internet of things released Tuesday by the Ministry of Internal Affairs and Communications. The ministry will work with other government agencies to devise guidelines this fiscal year, such as for including cybersecurity information in annual securities reports. Any such disclosures would be voluntary.

The ministry cited similar guidelines set by the U.S. Securities and Exchange Commission, which says businesses should disclose the causes, costs and impact of cyberattacks. Japan's government will consider adopting a similar approach. Companies would have latitude in what to report, given the risk that disclosures could make them vulnerable to attack.

Encouraging the private sector to boost security was positioned as a priority in the ministry's report. The agency also recommended a certification system for secure design in connected devices, along with promotion of research and development, employee education and international cooperation.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media