Format for Incident Reporting Exchange (FIRE): A possible way forward
The FIRE concept promotes common information elements and requirements for incident reporting, whilst remaining flexible to a range of implementation practices.
As part of its work to achieve greater convergence in cyber incident reporting (CIR), the FSB found that there is a high degree of commonality in the types of information that authorities require financial institutions to report under existing CIR frameworks. Seeing potential to leverage on these similarities to explore greater convergence, the FSB consulted on a concept for developing a common format for incident reporting exchange (FIRE) to collect incident information from FIs and that authorities could use for information sharing.
This report reflects the public feedback received on the FIRE concept. It outlines the potential benefits, risks and costs, and discusses how the FSB will take forward the development of FIRE.
Breakdown of group data fields for institution-initiated reporting
A detailed workplan will be developed by the summer.