Edelson Lechtzin LLP Launches Class Action Investigation into Amgen Data Breach

Japan's Financial Services Agency on the 9th, following a spate of customer data leaks caused by unauthorized access, called on financial institutions to review their cybersecurity measures and issued a warning. It is asking them to thoroughly check images of driver's licenses and other ID documents for anything unusual, even when verifying identity without meeting customers face to face. The FSA stressed that it wants institutions to prevent the fraudulent use of financial services and act so as not to undermine trust, urging them to review their response plans for cyberattacks and to promptly take any necessary measures where shortcomings are found. Financial Services Minister Satsuki Katayama said at a post-cabinet press conference on the 9th that identity verification should be carried out appropriately, including by reading IC chip information, which is extremely effective as a countermeasure against fraud. The Ministry of Economy, Trade and Industry announced it will issue warnings to roughly 1,000 industry associations under its jurisdiction, including those in the automotive and retail sectors, calling on management to take the lead in checking communications equipment and systems for vulnerabilities.

Economy, Trade and Industry Minister Ryosei Akazawa said at a post-cabinet meeting press conference on the 9th that, in response to a series of incidents involving information leaks and other damage from unauthorized access in Japan, the ministry issued a broad alert the same day through roughly 1,000 industry groups under its jurisdiction. Akazawa called on companies to act on the understanding that they must manage security not only within their own operations but across the entire supply chain, and urged top management to take responsibility in securing the necessary resources and directing the response. He also encouraged them to quickly identify and address vulnerability information, monitor all activity on internal systems, and promptly provide information when damage occurs.