Duration 3 days – 21 hrs
Overview.
The Cybersecurity Risk Management in Banking Training Course is designed to provide banking professionals in the Philippines with the knowledge and tools to manage and mitigate cybersecurity risks effectively. This course will help participants understand the unique cyber threats facing the banking sector, explore cybersecurity frameworks, and implement risk management strategies to protect banking operations. Participants will gain practical insights into incident response, disaster recovery, and regulatory compliance, supplemented by real-world case studies of cyber breaches in banking. The course emphasizes proactive and strategic approaches to cybersecurity tailored to the Philippine regulatory landscape.
Objectives
- Identify and assess cybersecurity risks specific to the banking sector.
- Understand and apply cybersecurity risk management frameworks.
- Develop effective incident response and disaster recovery plans.
- Ensure compliance with cybersecurity regulations applicable to the banking industry.
- Learn from case studies of cybersecurity breaches to improve security practices.
Audience
- IT and Cybersecurity Professionals in Banking
- Risk Managers and Analysts
- Compliance Officers and Auditors
- Information Security Officers
- Banking Executives involved in risk management and operational security
- Financial Crime Investigators focused on cyber threats
Pre- requisites
- Basic knowledge of banking operations and risk management principles.
- Some familiarity with cybersecurity concepts is beneficial but not mandatory.
Course Content
Introduction to Cybersecurity in Banking
- Overview of cybersecurity risks in the financial sector
- Key cybersecurity challenges unique to banking operations
- Understanding the business impact of cyber threats
Identifying Cyber Risks in Banking
- Types of cyber risks affecting banks: phishing, malware, ransomware, and insider threats
- Risk assessment methodologies for identifying vulnerabilities
- Assessing cyber risks across digital channels and customer interfaces
Cyber Risk Management Frameworks
- Overview of cybersecurity frameworks (e.g., NIST Cybersecurity Framework, ISO 27001)
- Implementing cyber risk management frameworks in banking
- Integrating cybersecurity risk management with enterprise risk management (ERM)
Incident Response and Disaster Recovery Planning
- Essential components of an effective incident response plan
- Disaster recovery and business continuity planning for banking operations
- Developing and testing incident response and recovery protocols
- Roles and responsibilities in incident response and crisis management
Regulatory Compliance for Cybersecurity in Banking
- Overview of Philippine cybersecurity regulations for banks
- Key compliance standards and regulatory bodies (e.g., BSP, NIST)
- Reporting obligations and best practices for maintaining compliance
- Preparing for cybersecurity audits and regulatory assessments
Case Studies of Cyber Breaches in Banking
- Analysis of high-profile cyber breaches in banks globally and locally
- Identifying gaps and lessons learned from cyber incidents
- Best practices in post-incident response and recovery
- Workshop: Developing a case study analysis and response plan
Proactive Cybersecurity Measures and Controls
- Implementing access controls, encryption, and authentication mechanisms
- Building employee awareness and training programs for cybersecurity
- Adopting a proactive approach through continuous monitoring and vulnerability management
- Using threat intelligence to anticipate and mitigate risks
Emerging Cybersecurity Trends in Banking
- Understanding the impact of emerging technologies on cybersecurity (e.g., AI, blockchain)
- Adapting to new cyber threats, such as AI-driven attacks and quantum computing risks
- Future regulatory trends and compliance considerations for banks
