Financial Stability Board Publishes Cyber Lexicon

The Financial Stability Board has published the final Cyber Lexicon of terms related to cyber security and cyber resilience. The Lexicon is intended to assist the FSB, other international standard setting bodies (such as the Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions), authorities and the private sector to address threats to cyber security and adopt cyber resilience measures. The FSB has also published an overview of responses to the public consultation, summarizing the main issues that emerged during the FSB's consultation on a draft lexicon and the changes adopted to address them.

The Lexicon is intended to facilitate: (i) a cross-sector understanding of relevant terminology; (ii) the assessment and monitoring of financial stability risks of cyber risk scenarios; (iii) information sharing; and (iv) the work of the international standard setting bodies to provide guidance to the industry, including best practices. The Cyber Lexicon is not intended for use in the legal interpretation of any international arrangement or agreement or any private contract and its use is not mandatory.

View the Cyber Lexicon.

View the FSB's overview of the responses to the consultation.

View details of the FSB's proposed Cyber Lexicon.

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