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Cyber Risk On-Site Examination (CRE)

Financial Sector Policies

This course, presented by the Monetary and Capital Markets Department and PFTAC, explains the key elements of cyber risk and cyber risk management; the components of good practice cyber risk regulations; and how to undertake an assessment of the risk on-site at supervised financial institutions. The course also covers effective on-site examination structure and procedure and provides an overview of general financial sector IT risk concepts. Case studies and hands-on exercises are provided to enhance the effectiveness of the course. Participants are expected to share their own experiences and views on the assessment of cyber risk and on-site examination in general.

Read More Topic : Financial Sector Policies

    Target Audience

    Financial sector supervisors responsible for the on-site examination of cyber risk and information technology (IT) risk, from Pacific Financial Technical Assistance Centre (PFTAC) member countries and other targeted Asia Pacific region countries, such as Cambodia, Myanmar, and Laos.

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    Qualifications

    Participants are expected to be familiar with on-site examination procedures and have experience undertaking on-site examinations of financial institutions, as well as a basic knowledge of financial services IT.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Identify key elements of cyber risk that need to be assessed during an on-site examination, and the associated expected management and control framework. 
    • Identify the components of good practice cyber risk regulations.
    • Develop a cyber risk on-site examination scope, timeline, and plan.
    • Prepare a cyber risk on-site examination “pre-exam” information request.
    • Participate in a cyber risk on-site examination of a supervised institution (with guidance from experienced cyber risk examiners). 

    Note: This course is to be followed by on-the-job training during actual cyber risk on-site examinations of supervised institutions in PFTAC member countries, with further assistance from the Monetary and Capital Markets Department and PFTAC.

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