Course Overview
British Academy for Training and Development introduces this course on “Information Security
Management in Financial Institutions” which is designed to equip participants with the
knowledge and skills necessary to manage and secure information systems in financial
institutions. It covers the principles of information security, risk management, regulatory
compliance, and best practices for protecting sensitive financial data. The course combines
theoretical instruction with practical exercises and case studies to ensure that participants can
effectively implement and manage information security programs in their organizations.

Who should attend?
• IT professionals
• Security managers
• Risk managers
• Compliance officers
• Anyone involved in the security of information systems in financial institutions.
Knowledge and Benefits:
After completing the program, participants will be able to master the following:
• Understand the fundamentals of information security in the context of financial
institutions.
• Learn about regulatory requirements and compliance frameworks specific to the
financial sector.
• Develop skills to identify, assess, and mitigate information security risks.
• Gain expertise in designing and implementing security controls to protect financial data.
• Understand incident response and disaster recovery planning.
• Master the principles of security governance and risk management in financial
institutions.

Introduction to Information Security in Financial Institutions

• Overview of Information Security
o Definition and importance of information security
o Unique security challenges in financial institutions
• Financial Data and Its Sensitivity
o Types of financial data
o Risks associated with financial data breaches
Regulatory Compliance in Financial Institutions
• Regulatory Frameworks
o Overview of key regulations (e.g., GDPR, PCI DSS, SOX, GLBA)
o Compliance requirements for financial institutions
• Auditing and Reporting
o Role of audits in maintaining compliance
o Reporting requirements and best practices

Risk Management in Information Security
• Identifying Security Risks
o Types of information security risks in financial institutions
o Methods for identifying potential threats and vulnerabilities
• Risk Assessment and Analysis
o Conducting risk assessments
o Quantitative and qualitative risk analysis
• Risk Mitigation Strategies
o Implementing controls to reduce risk
o Balancing security with operational efficiency

Security Policies and Frameworks
• Developing Security Policies
o Key components of effective security policies
o Policy development and implementation processes
• Security Frameworks
o Overview of NIST, ISO 27001, and other relevant frameworks

o Adapting frameworks to financial institutions

Data Protection and Encryption
• Data Protection Strategies
o Protecting data at rest and in transit
o Data masking and anonymization techniques
• Encryption Techniques
o Overview of encryption methods (e.g., symmetric, asymmetric)
o Implementing encryption in financial systems
• Encryption Key Management
o Best practices for managing encryption keys
o Compliance requirements for key management

Incident Response and Disaster Recovery
• Incident Response Planning
o Developing an incident response plan
o Identifying and responding to security incidents
• Disaster Recovery Planning
o Creating a disaster recovery plan for financial institutions
o Business continuity planning and testing
• Forensics and Post-Incident Analysis
o Conducting forensic investigations
o Lessons learned and improving future responses

Security Awareness and Training
• Importance of Security Awareness
o Building a security-conscious culture in financial institutions
o Common threats and how to mitigate them (e.g., phishing, social engineering)
• Employee Training Programs
o Designing and implementing security training programs
o Regular updates and refresher courses for staff
• Simulated Security Drills

o Conducting tabletop exercises and simulated attacks
o Evaluating response and readiness

Emerging Threats and Future Trends
• Current and Emerging Threats
o Overview of the latest security threats to financial institutions
o Trends in cyber-attacks and fraud techniques
• Innovations in Security Technology
o The role of AI and machine learning in information security
o Blockchain and its implications for financial security
• Preparing for the Future
o Adapting to changing threat landscapes
o Continuous improvement of security measures