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August 30, 2018

FSB published the 28 responses received to the public consultation on draft Cyber Lexicon. The Cyber Lexicon comprises a set of 50 core terms related to cyber security and cyber resilience in the financial sector. Comments period ended on August 20, 2018.

The Cyber Lexicon is intended to support the work of FSB, standard-setting bodies, authorities and private-sector participants such as financial institutions and international standards organizations. A lexicon could be useful to support work in the area of cross-sector common understanding of relevant cyber security and cyber resilience terminology. It will also help support information sharing, work to assess and monitor financial stability risks of cyber risk scenarios, and work by FSB and/or standard-setting bodies to provide guidance related to cyber security and cyber resilience, including identifying effective practices. FSB developed the lexicon in response to a request from G20 Finance Ministers and Central Bank Governors at their October 2017 meeting. FSB is expected to finalize the lexicon for delivery to the G20 Leaders’ Summit in Buenos Aires in November of this year.

 

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Keywords: International, Banking, Insurance, Securities, PMI, Cyber Risk, Cyber Lexicon, Regtech, Responses to Consultation, FSB

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