Center for Financial Industry Information Systems (FISC)
The Center for Financial Industry Information Systems (FISC) is a not-for-profit organization established by the Japanese Ministry of Finance in 1984 to promote security in banking computer systems in Japan. Some 700 corporations in Japan are supporting members, including major financial institutions, insurance and credit companies, securities firms, computer manufacturers, and telecommunications enterprises.
In collaboration with its member institutions, the Bank of Japan, and the Financial Services Agency (a government organization responsible for overseeing banking, securities and exchange, and insurance in Japan), the FISC created guidelines for the security of banking information systems. These include basic auditing standards for computer system controls, contingency planning in the event of a disaster, and the development of security policies and standards encompassed in more than 300 controls.
Although the application of these guidelines in a cloud computing environment is not required by regulation, most financial institutions in Japan that implement cloud services have built information systems that satisfy these security standards, and it can be difficult to justify diverging from them. (The latest guidelines, Version 8 Supplemental Revised, issued in 2015, added two revisions relating to the use of cloud services by financial institutions and countermeasures against cyberattack.)
Conformance with this framework is not required by regulation, and not audited or otherwise validated by the FISC.
Microsoft and FISC
Microsoft engaged outside assessors to validate that Microsoft Azure, Dynamics 365, and Microsoft Office 365 meet requirements of the FISC Security Guidelines on Computer Systems for Financial Institutions 9th Edition Revised. Microsoft provided evidence of compliance in each of the following areas:
- Datacenter guidelines for buildings and computer rooms, power, air conditioning, datacenter, and facilities monitoring.
- Operational guidelines for organizations, training, access control, system development, and auditing.
- Technical guidelines for measures to improve the reliability of hardware and software, and for countermeasures against security risks including data protection, prevention against unauthorized use, threat detection, and disaster recovery.
Financial institutions can rely on this evaluation of the compliance of these three areas for the in-scope infrastructure and platform services of Azure, Dynamics 365, Office 365, and Microsoft Defender for Cloud Apps.
Microsoft in-scope cloud platforms & services
- Microsoft Defender for Cloud Apps
- Office 365
- Power BI cloud service (either as a standalone service or as included in an Office 365 branded plan or suite)
Office 365 and FISC
Office 365 environments
Microsoft Office 365 is a multi-tenant hyperscale cloud platform and an integrated experience of apps and services available to customers in several regions worldwide. Most Office 365 services enable customers to specify the region where their customer data is located. Microsoft may replicate customer data to other regions within the same geographic area (for example, the United States) for data resiliency, but Microsoft will not replicate customer data outside the chosen geographic area.
This section covers the following Office 365 environments:
- Client software (Client): commercial client software running on customer devices.
- Office 365 (Commercial): the commercial public Office 365 cloud service available globally.
- Office 365 Government Community Cloud (GCC): the Office 365 GCC cloud service is available for United States Federal, State, Local, and Tribal governments, and contractors holding or processing data on behalf of the US Government.
- Office 365 Government Community Cloud - High (GCC High): the Office 365 GCC High cloud service is designed according to Department of Defense (DoD) Security Requirements Guidelines Level 4 controls and supports strictly regulated federal and defense information. This environment is used by federal agencies, the Defense Industrial Base (DIBs), and government contractors.
- Office 365 DoD (DoD): the Office 365 DoD cloud service is designed according to DoD Security Requirements Guidelines Level 5 controls and supports strict federal and defense regulations. This environment is for the exclusive use by the US Department of Defense.
Use this section to help meet your compliance obligations across regulated industries and global markets. To find out which services are available in which regions, see the International availability information and the Where your Microsoft 365 customer data is stored article. For more information about Office 365 Government cloud environment, see the Office 365 Government Cloud article.
Your organization is wholly responsible for ensuring compliance with all applicable laws and regulations. Information provided in this section does not constitute legal advice and you should consult legal advisors for any questions regarding regulatory compliance for your organization.
Office 365 applicability and in-scope services
Use the following table to determine applicability for your Office 365 services and subscription:
|Commercial||Access Online, Azure Active Directory, Delve, Exchange Online, Exchange Online Protection, Microsoft Teams, Office 365 ProPlus, Office Online, OneDrive for Business, Power BI for Office 365, Project Online, SharePoint Online, Skype for Business|
Frequently asked questions
To whom do the FISC guidelines apply?
Banks and other financial institutions in Japan that want to validate their approach to system security, reliability, and auditing, and align with established best practices in Japan, follow the FISC guidelines.
Where can I get more information on Version 8 of the FISC requirements?
The FISC has published two reports from its Council of Experts:
- Usage of Cloud Computing by Financial Institutions
- Countermeasures Against Cyber Attacks on Financial Institutions
Where can I get the details of Microsoft's responses to the FISC framework?
For security references from third parties who have evaluated the FISC compliance of Microsoft cloud services, contact your Microsoft account representative.
Can I use Microsoft's responses to this framework in my organization's qualification process?
Yes. However, although Microsoft responses to this framework are confirmed compliant by third parties, customers are responsible for validating the compliance of solutions they have implemented on Azure or Office 365.
- Microsoft Online Services Terms
- FISC Security Guidelines/Safety Standards
- FISC Report on Usage of Cloud Computing
- Compliance on the Microsoft Trust Center