Cyber survey aimed at developing best practices

To develop a set of industry best practices for handling a cyberattack, the Financial Stability Board (FSB) is canvassing firms for input.

The FSB launched an industry survey on Thursday as part of its effort to gather feedback on practices that may prove effective for financial institutions to respond to, and recover from, a cyber incident.

The results of the survey are to be used as part of an effort to develop tools for financial firms to use in addressing cyberattacks.

“The toolkit aims to provide financial institutions and authorities with a set of effective practices and will be based on the shared experience and diversity of perspectives gathered by the FSB,” it said.

Along with the survey, the global policy group says that it is also reviewing the guidance that has been issued by national regulators and international standards setters, and reviewing real-world examples of firms that have dealt with cyber attacks in the past.

The survey deadline is Aug. 28.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.