Cyber incident reporting: convergence is key
FSB working group chair advocates common reporting framework and taxonomy
Current geopolitical tensions have reinforced the need to counter the risk of cyber attacks globally. The number of such attacks has grown over the past two years, threatening not only individual institutions, but also broader financial stability. Financial institutions and regulatory authorities have taken great steps in strengthening their supervisory and regulatory practices around cyber security. This includes timely and accurate information on cyber incidents.
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