Background:

The global financial system is going through an unprecedented digital transformation. In the background of this proliferation of technology, Cyber space is a complex environment with many fold increase in networks and devices connected to it. Cyber threats transcend geographical boundaries and cybercrimes are happening with increasing sophistication and cyber criminals continually exploit adopting new techniques and strategies to breach security systems, steal sensitive data and disrupt critical financial operations.  Banks must, therefore, carefully manage the adoption of new technologies and ensure adequate controls and safeguards against potential vulnerabilities. A major cyber incident, if not properly contained, could seriously disrupt financial systems, including critical financial infrastructure, leading to broader financial stability implications. Therefore, organizations have to constantly monitor the cyber space strengthening detection, response management and while simultaneously building sufficient resilience to IT security. Further, it is mandatory, after any cyber incident, to do a proper root cause analysis and put in place adequate controls & mitigations to address potential vulnerabilities.

Objectives:

This one-day program aims at enhancing the understanding with a discussion on the recent trends in cyber risk & resilience to facilitate improved cyber defense mechanisms from the perspectives of strategy, governance and technology.

Program Highlights:

The program will deal with the following:

• Cyber Risk & Resilience: Emerging Threats and Regulatory Expectations
• Responding and Managing Cyber Attack & Cyber Crisis Management Plan
• Cybercrime and Trends New Tools for Combat: Developing a Robust Threat Intelligence
• Managing Cyber Risk: Audit Perspective & Approach
  
• Cyber Risk Governance Framework