The advance of digitalization is being accompanied by the rise of cyber risks that can have a huge impact on corporate value, financial and capital markets, the economy and society as a whole, and in some cases people's lives. The Nomura Institute of Capital Markets Research (NICMR)'s keen awareness of these issues led it to establish the Research Group on Cybersecurity Related to Investment and Financial Systems (hereafter, the Research Group) in July 2023.The Research Group consists of academics and other professionals with experience related to cybersecurity. The Research Group held ten meetings from July 2023 to April 2024 at which it discussed research reports that focused on cybersecurity from a wide range of perspectives, including corporate management and governance, information disclosures, investment, evaluation, financial products, financial regulation, and human resource development. We have compiled a report on the activities, taking into account the research reports and discussions conducted in the Research Group as well as subsequent changes in the situation.