FSB produces consultation paper for new cyber-related terms
04 July 2018 Basel
Image: Shutterstock
The Financial Stability Board (FSB) has reported that it has now developed a draft lexicon of terms related to cybersecurity and cyber resilience, and is publishing the document for public consultation.
The underlying project was undertaken at the suggestion of G20 finance ministers and central bank governors. The aim is to help the FSB continue its work to protect financial stability against the malicious use of information and communications technology.
A lexicon that facilitates a common understanding across the financial sector, including public and private participants, and also across jurisdictions, was deemed to be useful in efforts to enhance appropriate information sharing.
The focus was thus on terms that are relevant to the financial sector and useful to support work undertaken by the FSB and systems and standard-setting bodies, as well as financial sector regulators, supervisors and private sector participants.
To develop the lexicon, the FSB formed a working group of experts, chaired by the US Federal Reserve Board.
The terms identified range from access control and advisory at one end of the alphabet to vulnerability and vulnerability assessment towards the other end. Sources of terms and definitions range from Carnegie Mellon University to Structured Threat Information Expression (STIX).
The FSB is now inviting comments on this document. These should be submitted by 20 August 2018 by email to fsb@fsb.org. All comments will be published on the FSB website unless a commenter specifically requests confidential treatment.
The FSB has said that after considering the responses, it intends to finalise the lexicon for delivery to the G20 Summit in Buenos Aires in November of this year.
The underlying project was undertaken at the suggestion of G20 finance ministers and central bank governors. The aim is to help the FSB continue its work to protect financial stability against the malicious use of information and communications technology.
A lexicon that facilitates a common understanding across the financial sector, including public and private participants, and also across jurisdictions, was deemed to be useful in efforts to enhance appropriate information sharing.
The focus was thus on terms that are relevant to the financial sector and useful to support work undertaken by the FSB and systems and standard-setting bodies, as well as financial sector regulators, supervisors and private sector participants.
To develop the lexicon, the FSB formed a working group of experts, chaired by the US Federal Reserve Board.
The terms identified range from access control and advisory at one end of the alphabet to vulnerability and vulnerability assessment towards the other end. Sources of terms and definitions range from Carnegie Mellon University to Structured Threat Information Expression (STIX).
The FSB is now inviting comments on this document. These should be submitted by 20 August 2018 by email to fsb@fsb.org. All comments will be published on the FSB website unless a commenter specifically requests confidential treatment.
The FSB has said that after considering the responses, it intends to finalise the lexicon for delivery to the G20 Summit in Buenos Aires in November of this year.
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