Cyber Risk Supervision

Source details

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

Level: Introductory to intermediate training for non-specialist financial sector supervisors.
Main thematic coverage:
- Recent trends in technology adopted by supervised entities and the evolving threat landscape, and their implications for cyber risk and financial stability.
- Key elements of cyber risk regulations.
- Supervisory approaches and tools for cyber risk.
- Key cybersecurity concepts, including governance, risk assessment, and information sharing, based on international standards and best practices.
Instructional format:
- Practical lessons and tips for daily supervisory activities.
- Combination of instructional presentations and interactive elements: group exercises, case studies, and information sharing discussions.

Upon completion, 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.