Cyber Crime Risk Assessment Masterclass

Dealing with a cyber-attack is far more difficult than preventing it from happening at the first place. Modern day criminals don’t attack with guns to steal or rob they carry out cyber-attacks using technology. According to Accenture’s Cost of Cybercrime Study, there has been a 72% increase in cyber-attacks in the past five years. The average cost of cybercrime for an organisation is estimated to be $13 million.

Why take this course

This masterclass shall offer the delegates a sound understanding of different types of cyber threats and key prevention strategies. Delegates will explore what protective measures then can take to improve the cyber security framework at their organisation, devise appropriate strategy and raise organisation wide awareness on various cyber security risks and ways to protect their organisation.

This masterclass will prepare the delegates with a fundamental understanding on how to prevent, detect, contain and recover from cyber breaches in order to keep their firm and clients safe from cyber criminals attempting to steal confidential information or to cause disruption to their business. Delegates will assess different threat actors, their motivations, and key techniques to better prepare themselves to understand and manage cyber risk strategically within their business. We shall be unwrapping number of cyber-attacks as case studies with the view to understand why the victim organisations were attacked and what could have been done to prevent the breach.

  • Information Security Officers
  • Compliance Professionals
  • IT Experts
  • Cyber Security Analysts
  • In-House Trainers
  • Overview of key regulations
  • Why perform client due diligence
  • Identification & verification
  • Corroboration of information
  • Detecting higher risk scenarios
  • Critical decision making

Delegates of this masterclass shall be assessed through a multiple choice test at the end of the training session. Upon successful completion of this masterclass, delegates will be awarded Sigma Risk certification.

This masterclass may be delivered in person at client premises, at external location or virtually via Zoom or MS Teams.

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Full Suite of Sigma Risk Masterclasses

• Understand applicable regulations
• Third party risk assessment
• Managing conflict of intrest

• Identify key AML risks
• Conduct AML risk assessment
• Build a robust methodology

  • Correct level of due diligence
  • Identification and verification
  • Corroboration of source of wealth
  • Learn about complexity & reliance
  • Downstream banking and nesting
  • Respondent risk assessment
  • Preventing & recovering from a cyber attack
  • Identify key threat actors
  • Understand different types of cyber attacks
  • Understand the risks in gaming
  • Applicable regulatory requirements
  • Proportionate risk assessment

• Understanding digital currencies
• Corroboration of SOF/SOW
• Financial crime risks

  • Law enforcement collaboration
  • Asset tracking and confiscation
  • Suspicion activity reporting
  • Recognize key sanctions regimes
  • Establish screening & monitoring
  • Escalations & reporting
  • Attractiveness to Criminals
  • Discover emerging typologies
  • Identify red flags and warning signs