Cyber Risk Supervision - Path to Operational Resilience (CRS)

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Financial sector supervisors and regulators with responsibilities that include cyber risk regulation and / or supervision at central banks and agencies charged with supervising financial institutions.

Participants are expected to have at least one-year of experience in general regulation and supervision of financial institutions.

The course:
- Reviews recent trends in the technology adopted by supervised entities, the evolving threat landscape and their implications for cyber risk and financial stability.
- Outlines the key elements of cyber risk regulations.
- Discusses supervisory approaches and tools.
- Presents key cybersecurity concepts, covering governance, risk assessment, and information sharing, based on international standards and best practices.
Pedagogy:
- Sessions focus on providing practical lessons and tips usable by regulators and supervisors in daily supervisory activities.
- Instructional formats include group exercises, case studies and information sharing discussions.
- Targeted at non-specialist supervisors to build capability in cyber risk regulation and supervision.

Upon completion of the course, participants should be able to:
- Understand the basics of information technology solutions used in financial institutions, the cyber threat landscape, key characteristics of cyber risk and its place in the enterprise-wide risk management framework.
- Define and summarize the key components of cyber risk regulation and sound approaches to supervising cyber risk.
- Understand the financial stability implications of cyber risk and have an insight on ways to enhance the cyber resilience of the financial sector.