Cyber security challenges and policy

Overview of Cyber security challenges and policy

Over recent years, there has been significant growth in the number and severity of cyber attacks around the world. The heightened risk of a cyber attack is recognised as a systemic and operational concern by local and international regulators. There are various approaches being adopted globally – some legislation driven and others voluntary – also incorporating safe and ethical use of AI.

As new technologies emerge, Australian businesses face a range of cyber risks, both external threats and internal vulnerabilities, that continue to evolve over time.

About our course

Out online course reviews cyber security threats to the finance sector, and government and regulator responses to them. We also outline the key items that financial services organisations should be considering when formulating their cyber risk management strategy.

Program Content

Learning Outcomes

  • Define what cyber security is and discuss key related issues for financial services organisations
  • Explain how the government and regulators have approached giving guidance to organisations to help them comply with applicable laws and manage cyber risks
  • Evaluate the primary measures your organisation can implement to build its cyber resilience
  • Identify the resources you can access to maintain ongoing knowledge of legal and compliance requirements relevant to cyber security.

What you will learn

Who is this course for?

  • Advisors and representatives
  • Compliance Managers
  • Senior Managers

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

ASIC-supervised licensees: Generic Knowledge
FAS-Supervised licensees (self-report): Client care and practice

Explore our Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

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Frequently Asked Questions

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.
Our CPD short courses are assessed by a short open book multiple-choice exam.
To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  
To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) OR
  • Contact us to arrange a invoice.
Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act)Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.