Politics · Japan · 2 days ago

Japan urges financial firms to switch online ID checks to chip reading sooner

Japan urges financial firms to switch online ID checks to chip reading sooner

Japan’s Financial Services Agency urged financial firms on October 9 to move online identity checks to reading the chips in identity documents as soon as possible.

The agency said identity-document images have been exposed in a series of data leaks.

Under a rule change, firms will stop accepting identity-document images for online checks from April 1, 2027, and will generally use chip data instead.

The government says chip reading is more effective at preventing fraud.

Until the change takes effect, the agency wants firms to carefully check identity-document and face images for anything unusual.

It also called on firms to review risks from outside contractors and their plans for responding to cyber incidents.

The leaks include about 1.6 million identity-document records exposed in an attack on Times Car, a car-sharing service.

Sources

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