Certified Banking Cyber Risk Manager

Hackers and fraudsters want your financial institution’s accountholder and cardholder information. It is valuable and you have it. At the same time, technology use is exploding in the banking sector as the Open Banking Initiative, artificial intelligence, digital wallets, and FinTech emerge. People’s privacy is also under the magnifying glass, taking data protection to the next level. With all this going on, how does a financial institution gauge the risks of deploying these types of in-demand technologies? How does your FI understand what security threats need to be mitigated so digital banking is safe for consumer use? This Cyber Risk Management Professional certification addresses identifying and mitigating cyber threats to minimize negative impact on your financial institution. The Gramm-Leach-Bliley Act of 1999 requires all financial institutions to perform an IT Risk Assessment. Learn the best way to do this at your financial institution.

Learning Objectives

This certification will position you to:

• Understand Cyber risk management law and regulation
• Gain an awareness of the fit of cyber risk management in both information security and data privacy programs for financial institutions
• Understand how to establish a cyber risk appetite
• Understand what security threats need to be included in cyber risk management
• Review people, process, and technological controls which can be deployed to mitigate risk
• Become familiar with cyber risk management calculations, including inherent and residual risk scores
• Review sample cyber risk management policy to inform your financial institution of considerations for your FI’s cyber risk management policy
• Understand third-party responsibilities in cyber risk situations
• Gain an understanding of the cyber risk management auditing requirements
• Document clear cyber risk management roles and responsibilities at your financial institution
• Gain familiarity with over thirty metrics to support your FI’s cyber risk management program

Audience

This course is ideal for:

• Risk Management – Learn how to identify security and privacy threats. Examine the process of conducting an IT risk assessment, including selecting mitigating controls consistent with the FI’s risk appetite
• Information Security Officer – Learn how to consider cyber risk management as part of developing and implementing an Information Security Program for a financial institution
• IT Director/Manager – Learn how to position the IT department with an understanding of cyber risk management and the policies and controls necessary
• Incident Handler – Learn how to identify security and privacy threats which could impact your financial institution, and build an effective Incident Response Plan to mitigate these risks
• Business Continuity Professional – Learn how IT risk assessment fits with business impact assessment to consider for the business continuity plan
• Information Privacy Officer – Learn what goes into a cyber risk management program so that you can build an Information Privacy Program which addresses security threats
• Chief Operations Officer / President – Learn what cyber risk management is all about and what an organization needs to plan for in a technological world
• Third Party Manager – Learn how IT risk assessment integrates with your FI’s third-party management program