Cyber Risk Management In Finance: Fortifying Against Digital Threats

Introduction

Cyber Risk Management in Finance equips professionals with the critical skills to protect financial institutions from evolving cyber threats. This course focuses on understanding cyber risk frameworks, implementing robust security measures, and navigating the regulatory landscape. Participants will learn to conduct threat assessments, develop incident response plans, and ensure data integrity. By mastering cyber risk management, professionals can safeguard financial assets, maintain customer trust, and ensure business continuity in the face of cyberattacks.

The increasing sophistication of cyber threats demands a comprehensive approach to cyber risk management within the financial sector. This course delves into the intricacies of cybersecurity frameworks, vulnerability management, and security incident response, empowering participants to develop and implement proactive security strategies. By integrating technical expertise with regulatory awareness, this program enables individuals to build resilient cybersecurity frameworks and contribute to a secure financial ecosystem.

Target Audience:

• IT security professionals
• Risk managers
• Compliance officers
• Information security managers
• Auditors
• Financial analysts
• FinTech professionals
• Legal professionals
• Students of cybersecurity and finance
• Individuals interested in cyber risk management
• Network administrators
• Security architects
• Data privacy officers

Course Objectives:

• Understand the principles and importance of cyber risk management in the financial industry.
• Implement techniques for conducting cyber risk assessments and threat modeling.
• Understand the role of cybersecurity frameworks and standards in risk mitigation.
• Implement techniques for implementing and maintaining cybersecurity frameworks.
• Understand the principles of vulnerability management and penetration testing.
• Implement techniques for conducting vulnerability assessments and penetration tests.
• Understand the role of security incident response and recovery planning.
• Implement techniques for developing and testing incident response plans.
• Understand the legal and regulatory frameworks surrounding cyber risk management in finance.
• Implement techniques for ensuring compliance with cybersecurity regulations.
• Understand the role of security awareness training and employee education.
• Understand the challenges and opportunities of integrating cyber risk management into financial operations.
• Develop strategies for implementing and scaling up cyber risk management initiatives.

DURATION

10 Days

COURSE CONTENT

Module 1: Foundations of Cyber Risk Management

• Principles and importance of cybersecurity in financial services.
• Understanding the evolving cyber threat landscape and risks.
• Benefits of robust security measures and proactive risk mitigation.
• Historical context and emerging cybersecurity trends.

Module 2: Cyber Risk Assessment and Threat Modeling

• Techniques for conducting cyber risk assessments and threat modeling.
• Implementing risk mapping and vulnerability analysis.
• Utilizing threat intelligence and attack simulation.
• Managing risk assessment documentation and reporting.

Module 3: Cybersecurity Frameworks and Standards

• Understanding the role of cybersecurity frameworks in risk mitigation.
• Implementing industry standards and best practices.
• Utilizing frameworks like NIST, ISO 27001, and COBIT.
• Managing framework implementation and compliance.

Module 4: Cybersecurity Framework Implementation

• Techniques for implementing and maintaining cybersecurity frameworks.
• Implementing security controls and policies.
• Utilizing security architecture and design principles.
• Managing framework audits and reviews.

Module 5: Vulnerability Management and Penetration Testing

• Understanding the principles of vulnerability management.
• Implementing vulnerability scanning and assessment.
• Utilizing penetration testing methodologies and tools.
• Managing vulnerability remediation and reporting.

Module 6: Vulnerability Assessment and Penetration Test Conduct

• Techniques for conducting vulnerability assessments and penetration tests.
• Implementing ethical hacking and security testing.
• Utilizing security testing platforms and tools.
• Managing test results and remediation plans.

Module 7: Security Incident Response and Recovery Planning

• Understanding the principles of security incident response.
• Implementing incident response planning and execution.
• Utilizing incident response frameworks and methodologies.
• Managing disaster recovery and business continuity.

Module 8: Incident Response Plan Development and Testing

• Techniques for developing and testing incident response plans.
• Implementing scenario planning and simulation exercises.
• Utilizing incident response platforms and tools.
• Managing plan maintenance and updates.

Module 9: Legal and Regulatory Frameworks

• Understanding legal and regulatory frameworks for cyber risk management.
• Implementing compliance with data protection regulations.
• Utilizing security standards and guidelines.
• Managing legal and regulatory risks.

Module 10: Cybersecurity Regulatory Compliance

• Techniques for ensuring compliance with cybersecurity regulations.
• Implementing security controls and compliance audits.
• Utilizing regulatory reporting and documentation.
• Managing regulatory changes and updates.

Module 11: Security Awareness Training and Education

• Understanding the role of security awareness in preventing cyberattacks.
• Implementing security awareness training programs.
• Utilizing phishing simulations and security awareness tools.
• Managing security awareness campaigns and metrics.

Module 12: Cyber Risk Management Integration Challenges

• Understanding the challenges of integrating cyber risk management.
• Implementing security information and event management (SIEM) solutions.
• Utilizing cloud-based security platforms and services.
• Managing change management and adoption.

Module 13: Cyber Risk Management Initiative Scaling

• Techniques for developing cyber risk management project roadmaps.
• Implementing pilot project testing and evaluation.
• Utilizing scalability and performance optimization techniques.
• Managing cybersecurity team and governance.

Module 14: Case Studies: Cyber Risk Management Implementations

• Analyzing real-world examples of successful cyber risk management implementations.
• Highlighting best practices and innovative solutions.
• Documenting project outcomes and impact.
• Industry and security leader testimonials.

Module 15: The Future of Cyber Risk Management

• Exploring emerging cybersecurity technologies and trends.
• Integrating AI and machine learning for advanced threat detection.
• Adapting to evolving cyber threats and regulatory landscapes.
• Building resilient and secure financial ecosystems.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.