A comprehensive course providing detailed insights, realistic scenarios, and practical tools to enhance cyber security awareness in financial services. Covers the threat landscape, hacker tactics, data protection, authentication and password management, practical workplace scenarios, incident reporting responsibilities, and the Cayman Islands CIMA regulatory framework.

Suitable for all staff of CIMA-regulated entities, including banks and trust companies, securities investment businesses, money services businesses, insurers, building societies, fund administrators and virtual asset service providers, who handle client information or have access to firm systems

Learning Objectives:

By the end of this course, the learner will be able to:

1. Understand why financial services is such an attractive target, and the CIMA and data protection rules that frame everything you do.
2. Recognise the most common attacks and the red flags that give them away.
3. Understand how attackers manipulate people, how to protect data and accounts, and how to respond when something goes wrong.
4. For the Cayman Islands, know the role of CIMA and the other authorities you may need to involve.

Sections & Modules:

Module A — Recognising Cyber Threats and Hacker Tactics

Module 1: Introduction
1. Course Objectives
2. Why Cyber Security Matters in Financial Services
3. Types of Data Targeted by Cyber Criminals
4. High-Profile Cyber Incidents in Finance
5. Cyber Breach Impact

Module 2: Recognising Cyber Threats
1. Overview of Common Threats
2. Deep Dive into Phishing Attacks
3. Bank Phishing Incident
4. Recognising Phishing Emails
5. Indicators of Compromise
6. Insider Threats
7. Ransomware
8. Malware Threats
9. Best Practices for Identifying Threats
10. Reporting Cyber Threats

Module 3: Understanding Hacker Tactics
1. Psychology and Motivations of Hackers
2. Common Attack Vectors
3. Hacking Methods
4. How Criminals Monetise Stolen Data
5. Bank Malware Incident
6. Social Engineering Explained
7. Real-World Social Engineering
8. Prevention Through Awareness
9. The Importance of Regular Software Updates
10. Practical Advice

Module B — Protection, Authentication & Your Responsibilities

Module 4: Protecting Personal & Private Information

1. Principles of Data Protection and Privacy
2. Strategies for Securing Confidential Information
3. Secure Data Handling Protocols
4. Encryption and Secure Communication
5. Common Data Protection Mistakes to Avoid
6. Data Leak Incident
7. Employee Responsibilities in Data Protection
8. How to Respond to Data Breaches
9. Practical Tips for Everyday Security
10. Data Protection Decisions

Module 5: Creating Strong Passwords & Authentication

1. The Critical Role of Strong Authentication
2. Anatomy of a Strong Password
3. Password Manager Tools and Best Practices
4. Multi-Factor Authentication (MFA)
5. Avoiding Authentication Pitfalls
6. Identify the Weak Passwords

Module 6: Best Practices

1. Step-by-Step Response Plans
2. Preventative Strategies
3. Contingency Planning
4. Regular Security Audits and Assessments
5. Employee Roles in Cyber Security

Module C — CIMA-Specific Requirements for Cayman Islands Financial Entities

Module 7: Cayman Islands Regulatory Landscape

1. Why Cayman-Specific Cyber Rules Matter
2. The Cayman Islands Monetary Authority
3. Where the Authority Comes From
4. The Rule and the Statement of Guidance
5. The Other Authorities You Need to Know
6. How Cayman Compares

Module 8: CIMA Cyber-Security Rule

1. The Five Functions the Rule Adopts
2. Identify
3. Protect
4. Detect
5. Respond
6. Recover
7. Who Owns It

Module 9: Incident Reporting in the Cayman Islands

1. Notifying CIMA
2. What Counts as “Material”
3. Notifying the Ombudsman
4. Two Clocks, Two Triggers
5. The Calls That Are Not to a Regulator
6. A Friday Afternoon in George Town

Knowledge Check:

There is a 10 question knowledge check at the end of the course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.

Course Length:

90 minutes + 10 minutes of questions.

Certificate:

The user will receive a certificate in pdf format upon successful completion of the course and knowledge check.

Licence Information:

Each purchase is for a licence for a single user.  The user has access to all the course material for 6 (six) months via our web based elearning platform.

Reporting:

For volume purchasers (offline only), your nominated administrator will be able to download:

• A set of detailed reports in Excel format showing course completion data for all of your users; and
• Copies of all certificates.

Compliance Officer Reviews:

Our courses have been reviewed and approved by over 100 Compliance Officers and deemed appropriate for use by all of their employees. We regularly update the course material as regulations evolve.

Our Feedback (from our range of courses):

“It was a great experience to participate in a professional e-learning course.”

“Good presentation, interactive implementation makes education process more interesting.”

“Very clear and well structured. The examples are excellent!”

 

Course Customisation (optional):

We can customise this course for your organisation. Customisation can include:

• Branded website and course
• Branded certificates
• Additional material covering your organisation and its AML policy and procedures