Japan's Financial Services Agency (FSA) has released new cybersecurity regulations for cryptocurrency exchanges, strengthening their three-tiered protection framework.

Japan's Financial Services Agency (FSA) released a policy on strengthening cybersecurity for companies such as cryptocurrency exchanges. With the core objective of protecting investor assets, the policy proposes a three-tiered security protection system: self-help, collaborative assistance, and public assistance. This system corresponds to collaborative protection by the companies themselves, self-regulatory organizations, and regulatory agencies, respectively. The policy points out that in addition to the leakage of signature keys such as mnemonic phrases, the risks of sophisticated attack methods such as social engineering attacks and intrusions into outsourced service providers are increasing, urging improvements in overall defense capabilities. Simultaneously, Japan plans to incorporate crypto-related scenarios into the "Delta Wall" cross-industry cybersecurity exercise to enhance the industry's emergency response capabilities. (CoinPost)