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In 2018, the FSB developed the Cyber Lexicon to support the work of the FSB, the standard-setting bodies and other international organisations to address cyber security and cyber resilience in the financial sector. The lexicon aims to:
- enable a common understanding of relevant cyber security and cyber resilience terminology across sectors;
- enhance work to assess and monitor financial stability risks of cyber risk scenarios;
- facilitate information-sharing as appropriate; and
- aid work by the FSB and/or standards-setting bodies to provide guidance related to cyber security and cyber resilience, including identifying effective practices.
To remain current with the evolving cyber landscape and development of information technology, the Cyber Lexicon was updated in 2023 as part of the FSB’s work to achieve greater convergence in cyber incident reporting.