FSB publishes dictionary to standardize cyber terms

The Financial Stability Board (FSB) published a Cyber Lexicon, following public consultation earlier this year. The lexicon comprises a set of approximately 50 core terms related to cybersecurity and cyber resilience in the financial sector.

It’s intended to support the work of the FSB, standard-setting bodies, authorities and private sector participants, like financial institutions and international standards organizations, to address financial sector cyber resilience.

The lexicon could be useful to support work in: cross-sector common understanding of relevant cyber security and cyber resilience terminology; work to assess and monitor financial stability risks of cyber risk scenarios; and information sharing as appropriate; and work by the FSB and/or standard-setting bodies to provide guidance related to cybersecurity and cyber resilience, including identifying effective practices.

For example, it will be used to support work on a recently announced FSB project to develop effective practices relating to a financial institution’s response to, and recovery from, a cyber incident. A progress report on this project will be published by mid-2019.

Read the full release

Related Posts

Previous Post
AI-ML top technologies to impact M&A due diligence, says survey
Next Post
Europe readies for CRD-V (Premium)

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account