FSB working on cyber incident response toolkit

Cyber crime key on keyboard

A team from the Financial Stability Board is working to develop a “toolkit” of best practices for responding to, and recovering from, cyber attacks.

“Financial institutions not only have to guard against cyber threats but must also be ready to respond to and recover from an incident safely and swiftly,” the FSB says. “Ensuring that financial institutions are resilient to cyber incidents is crucial for a smooth functioning of the financial system and in engendering financial stability.”

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