Program Overview
This program provides a comprehensive introduction to cybersecurity fundamentals tailored specifically for professionals in the BFSI sector. It emphasizes understanding functional risks, analyzing real-world cybersecurity breaches, and developing proactive strategies to protect financial systems and data. With a blend of conceptual knowledge, case studies, and interactive exercises, participants will gain insights into mitigating cybersecurity threats and ensuring compliance with industry standards. The course equips attendees with practical tools to address modern cybersecurity challenges while fostering a culture of security awareness.
Features
- Understand the core principles and terminologies of cybersecurity in the BFSI sector.
- Identify functional risks and vulnerabilities in financial systems and data.
- Analyze real-world cybersecurity incidents and derive actionable lessons.
- Develop and apply basic cybersecurity response plans and best practices.
Target audiences
- Risk and compliance analysts
- Information security team members
- Operations and process executives
Curriculum
- 3 Sections
- 27 Lessons
- 1 Day
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- Introduction to Cybersecurity in the BFSI Sector & Functional Risks18
- 1.1What is Cybersecurity?
- 1.2Confidentiality, Integrity, Availability (CIA Triad)
- 1.3Threats, Vulnerabilities, and Risks
- 1.4Key Terminology: Phishing, Ransomware, Malware, DDoS, Data Breach
- 1.5Securing Financial Data
- 1.6Regulatory Compliance (GDPR, PCI DSS, etc.)
- 1.7Cybersecurity Frameworks (NIST, ISO 27001)
- 1.8Risk Management Models and Strategies
- 1.9Importance of Encryption in BFSI
- 1.10Insider Threats vs External Threats
- 1.11Social Engineering and Phishing
- 1.12Distributed Denial of Service (DDoS) Attacks
- 1.13Advanced Persistent Threats (APTs)
- 1.14Financial Implications: Loss of client trust, fines, and legal consequences
- 1.15Operational Disruption: Downtime, system vulnerabilities
- 1.16Brand Damage: Reputational risk and customer churn
- 1.17Legal and Regulatory Consequences: Non-compliance penalties
- 1.18Scenario-based discussion: Identifying risks and threats in a simulated BFSI environment and analyzing their potential impact on operations.
- Case Studies of Cybersecurity Incidents4
- Best Practices and Proactive Cybersecurity Measures5
- 3.1Building a Strong Security Culture
- 3.2Multi-factor Authentication (MFA) and Encryption: Tools for securing BFSI data
- 3.3Regulatory Compliance: Aligning cybersecurity strategies with regulations (e.g., PCI DSS, GDPR)
- 3.4Reporting and Documentation: Ensuring transparency and accountability
- 3.5Action Plan Development: Create a set of best practices and a basic cybersecurity incident response plan tailored to organization’s needs, incorporating the lessons learned throughout the day.
Instructor
