Background:

The financial sector stands at the forefront of innovation and in embracing emerging technologies, which offer opportunities for growth. At the same time, their needs to be a careful adoption of the emerging technologies and its implementation and management, since cyber risk could have both micro and macro-prudential concerns. Cyber-attacks on banks and financial institutions are becoming increasingly pervasive and sophisticated. Cyber risk is today a business risk of critical nature, impacting financial assets, business continuity, trust and reputation. A cyber-incident not properly contained could have a contagious effect, disrupting critical financial infrastructure with serious financial stability implications. The frequency and sophistication of cyber-attacks amplify in tune with accelerated digitalization, therefore continuous monitoring of emerging risks is vital. Therefore, it is important that at leadership level in banks and other financial institutions, there is an adequate understanding of the economic drivers and digital pathways that lead to cyber vulnerabilities, identify emerging risks, address control and process issues. The preparedness for future cyber security should be dynamic and aim at prevention, mitigation and swift response with build-up of adequate resilience. Banks, NBFCs and other financial institutions need to align their strategies, policies and process continuously in line with the evolving challenges in cyber risk & resilience.

Objectives:

This one-day program aims at contributing to capacity building at senior & top executive level, providing insights into the emerging trends in cyber-risk and appropriate defence mechanisms from the perspectives of strategy, governance and technology.

Program Highlights:

• Cyber Security Approach—Supervisory 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 Management to Cyber Resilience: What has changed?