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FSC Launches Joint Information System Training to Meet Disaster Recovery Needs
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The Financial Supervisory Commission (FSC) has announced the launch of a joint information system training program aimed at enhancing the disaster recovery capabilities of financial institutions in Taiwan. The program is part of the FSC’s efforts to promote cyber security and ensure the stability of the country’s financial system.
Program Focus
According to the FSC, the training program will focus on several key areas:
- Adoption of international cyber security standards
- Establishment of Security Operation Centers (SOCs)
- Improvement of cyber intelligence sharing capabilities
The program is designed to help financial institutions strengthen their ability to respond to cyber threats and ensure business continuity in the event of a disaster.
Importance of Cyber Security
“The FSC recognizes the importance of cyber security in ensuring the stability of the financial system,” said Mr. Wei-Lun Chang, Section Chief at the Department of Information Management. “Our joint information system training program is designed to help financial institutions improve their cyber defense capabilities and ensure that they are better equipped to respond to emerging threats.”
Best Practices
The FSC has encouraged financial institutions to adopt international cyber security management standards and establish SOCs to monitor and respond to cyber threats. The agency has also emphasized the importance of:
- Periodic testing and evaluation of cyber security measures
- Hiring personnel with diverse specialties and receiving training in cyber security
Initiatives
To promote the adoption of these best practices, the FSC is implementing a number of initiatives, including:
- Public-private partnerships
- Differential regulatory treatment
- Resource sharing
- Compliance incentives
- International cooperation
The agency will also conduct regular reviews and assessments of the effectiveness of its program to ensure that it remains relevant and effective in addressing emerging threats.
Goal
The FSC’s joint information system training program is part of its broader efforts to promote financial inclusion, stability, and innovation in Taiwan. By enhancing the cyber defense capabilities of financial institutions, the agency aims to create a secure environment for fintech innovation and provide consumers with financial services that are safe, convenient, and diverse.
Contact
For more information about the FSC’s joint information system training program, please contact Mr. Wei-Lun Chang at +886 2 8968 0806.
About the Financial Supervisory Commission
The Financial Supervisory Commission (FSC) is an independent agency responsible for supervising and regulating Taiwan’s financial industry. The agency was established in 2004 to ensure the stability, soundness, and efficiency of the country’s financial system. The FSC has a mandate to protect consumers, promote financial inclusion, and foster innovation in the financial sector.
Media Contact
Mr. Wei-Lun Chang Section Chief, Department of Information Management Financial Supervisory Commission +886 2 8968 0806