18 May 2026 - 20 May 2026

Online Course

Host: TBC

Cybersecurity and ICT Risks Management

Description

The financial system is undergoing a rapid transformation driven by digitalisation. Innovations such as mobile banking, artificial intelligence, and machine learning have significantly improved access to financial services, making them faster, more convenient, and globally available. Payment systems now operate continuously, and non-bank players are reshaping traditional intermediation. These advancements have enhanced customer experience and productivity, reflecting the growing integration of technology into everyday life.

However, while these advancements enhance efficiency and accessibility, they also introduce complex cyber and ICT-related risks alongside old ones that threaten financial stability. Cyber threats have become more sophisticated and borderless, fuelled by increased digitisation, third-party dependencies, and geopolitical tensions. Criminals and state actors exploit vulnerabilities in global financial networks, often targeting weak entry points. Organised crime networks on the dark web trade hacking tools, credentials, and even services, amplifying the scale and complexity of attacks. These developments underscore that cyber risk is not just an operational issue but a strategic and reputational threat to financial institutions.

This course is designed for professionals with at least five years of experience in central banking or financial regulation who seek to deepen their expertise in managing these emerging risks.

Objectives

Participants will gain a comprehensive understanding of:

  • The evolving landscape of digitalisation in financial services and its implications for central banks and regulators.
  • Key cyber and ICT risks, including operational, strategic, reputational, compliance, and systemic risks.
  • Best practices for building cyber resilience, including governance frameworks, risk management processes, and international standards.
  • Incident response and recovery planning, including the design and execution of cyber exercises at institutional and industry levels.
  • Collaborative approaches to cybersecurity, including cross-sector information sharing and global coordination to address borderless threats.

Target Participants

Participants from member central banks (MCBs) supervisory authorities, and financial regulatory agencies with at least five years of experience in risk management, IT governance, or financial stability oversight.

Resource Persons

The faculty will be drawn from BIS Cyber Resilience Coordination Centre,  SEACEN-member Central Banks and SEACEN faculty.

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