FSOR has three primary goals: (1) To create an overview of cyber threats to financial stability, (2) to implement joint measures to ensure financial sector resilience and (3) to set up a framework for collaboration and knowledge-sharing.
We have to accept that cyberattacks are inevitable and that attackers are persistent, but we should not succumb to fatalism: By continually improving and testing our cyber security capabilities, we can significantly mitigate the systemic risks of cyber threats. The creation of FSOR is an example of how key institutions in our society have to adapt to changing circumstances.