While cyber attacks occur in every sector of the economy, there is particular emphasis and focus on the financial sector, because the risks are higher. As new technologies emerge, Australian businesses face a range of cyber risks, both external threats and internal vulnerabilities that continue to evolve over time.
Doing nothing is therefore not an option. As attacks become more targeted and more sophisticated, cyber resilience has to be monitored and maintained, and response times have to become faster organisation and industry wide. What follows is a review of cyber security threats to financial services, and an outline of what industry participants should be reviewing when formulating their cyber strategy.
- Define what a cyber risk is and outline primary cyber risks and vulnerabilities related to financial services
- Discuss domestic and local and international thought leadership and regulatory guidance regarding cyber resilience
- Analyse cyber concerns for financial markets participants and investors
- Identify key areas for building cyber resilience
- Evaluate infrastructure, human resources management and operational strategies for mitigating cyber risks
- Describe legal and compliance requirements directly related to or that overlap with cyber security.
Looking for a RG146 CPD solution? This course also forms part of our complete online CPD solution, , which enables financial participants and organisations to meet ASICs RG 146 ongoing training requirements.