As part of its comprehensive approach to achieve greater convergence in cyber incident reporting, the Financial Stability Board (FSB) published in April 2023 a report on a possible way forward for a Format for Incident Reporting Exchange (FIRE). Since then, the FSB surveyed its members and engaged with the private sector to assess the information requirements and feasibility of FIRE. Drawing on the survey findings and an in-depth analysis of commonalities between several existing reporting frameworks, the FSB proceeded to design FIRE to promote convergence, address operational challenges arising from reporting to multiple authorities and foster better communication.
The consultation package consists of (i) a ‘human-readable’ format, (ii) a structured data model of FIRE using the reporting-language-agnostic Data Point Model method, and (iii) a taxonomy in eXtensible Business Reporting Language (XBRL) as a sample machine-readable version of FIRE. The taxonomy package is linked in the right-hand column of this page.
The FSB invites comments on this consultation report and welcomes replies to the questions set out below. Responses will be published on the FSB’s website unless respondents expressly request otherwise.
Responses should be submitted via this online form by 19 December 2024.
Please contact the FSB by email ([email protected]) if you have questions or if you wish to provide any supplementary material, and mention “FIRE public consultation” in the subject line.
