Background

Cyber risk is today a significant business risk, given the increasing use of technology by financial intermediaries.   Cyber-attacks can disrupt critical financial operations, leading to loss of confidence in the financial system, with implications for financial stability. As cyber threats transcend geographical boundaries and cyber criminals continually exploit vulnerabilities in systems, banks and financial institutions must carefully manage adoption of new technologies and ensure adequate controls and safeguards to address potential vulnerabilities. Cyber resilience enables banks & financial institutions to prevent, withstand and recover from cybersecurity incidents and is vital for business continuity. Effective cyber resilience also encompasses governance, risk management, an understanding of data ownership and incident management. Therefore, it is important that at leadership level in banks and other financial institutions, there is adequate understanding of the imminent risks to cyber security and measures to address related control and process issues.

Objective

This one-day program aims at contributing to capacity building at senior & top executive level, providing insights into the emerging trends in cyber-defence & cyber resilience from the perspective of governance and strategy. Recent trends in cyber risk will be discussed to facilitate building of improved cyber defence mechanisms.

Program Highlights

The Program will deal with the following:

• Cyber Security: Regulatory Perspective
• New Age Tools to Combat Cyber Security Frauds
• Impact and Learning from Recent Cyber Incidents in the Financial Sector
• Innovative Solutions to Counter Cyber Risk and Need for a Robust Threat Intelligence
• Cyber Risk Insurance and Digital Risk Protection