FSB Proposes ‘Cyber Lexicon’ to Promote Consistency

To ensure that banks and regulators around the world can cooperate effectively on cybersecurity, the Basel, Switzerland-based Financial Stability Board today issued a proposed “cyber lexicon” to facilitate cross-border understanding and information sharing.

The lexicon includes 50 key terms related to cybersecurity and cyber resilience in the financial sector. Comments on the proposed lexicon are due by August 20.