On 12 November 2018, the Financial Stability Board (FSB) published the first edition of a Cyber Lexicon, which comprises a set of approximately 50 core terms related to cyber security and cyber resilience in the financial sector. The lexicon is not intended for use in the legal interpretation of any international arrangement or agreement or any private contract. However, the FSB believes that a lexicon could be useful to support work in the following areas:
- cross-sector common understanding of relevant cyber security and cyber resilience terminology;
- work to assess and monitor financial stability risks of cyber risk scenarios;
- information sharing; and
- work by the FSB and / or other standard setting bodies to provide guidance related to cyber security and cyber resilience, including identifying effective practices.
The Annex to the lexicon contains a full list of terms and definitions to assist the work of standard-setting bodies to address cyber security and cyber resilience in the financial sector.