IMF | SARTTAC

Target Audience

Operational Risk experts, Bank supervisors specialized into IT audit on-site or off-site, IT Internal auditors of the central banks, IT Security Specialist in the central banks, crisis response person in the central banks.

Qualifications

Proven experience in dealing with IT risk and cyber security. 

Course Description

Workshop on the management of cyber risk in the financial system aims to inform participants with information on cyber security trends and measures to handle them, to provide hands-on capacity building to financial sector supervisors of SARTTAC on preparing quality regulation and efficiently supervising cyber risk. The workshop will provide a forum to exchange views and share country, regional, and international experience on cyber security management. The workshop will cover number of topics such as - the systemic dimension of cyber risk and its potential impact on financial stability;- the cyber regulatory frameworks;- cyber and third-party risk management;- cyber security and the cloud;- the role of security reviews in building cyber resilience;- strategies to promote domestic and cross-border information-sharing; - supervision techniques for IT risk and cyber; and- on-site cyber and IT examinations, including practical experience on inspection in FinTech companies.Practical case studies during the workshop will provide an opportunity to build hands-on expertise in understanding and managing cyber-attacks and their management and to learn about the IMF approach to provide technical assistance on cyber security. 

Course Objectives

Upon completion of this course, participants should be able to:- Identify potential sources of cyber risk.- Understand how cyber-attacks take place and how to build resilience.- Understand the importance of information-sharing and cross-border cooperation.- Extract lessons from cases studies to improve their focus on the cyber risk previous financial stability threats to try to prevent their recurrence.