In today’s hyperconnected financial landscape, the rise of digital transformation has reshaped the way banks operate—but it has also intensified their exposure to cyber threats and financial crime. From phishing schemes targeting retail customers to sophisticated malware campaigns aimed at institutional systems, the threats are multiplying in both scale and complexity. As financial services increasingly adopt cloud banking, AI-driven operations, open banking APIs, and mobile-first strategies, cybercriminals are leveraging the same technologies to breach systems, exploit loopholes, and orchestrate high-impact fraud.
Pideya Learning Academy presents the specialized training course “Cyber Risk and Financial Crime in Banking”, crafted to empower professionals in the banking and financial services industry to navigate this critical risk landscape. This training offers a strategic and holistic approach to identifying, assessing, and mitigating cyber risks while enhancing institutional defenses against fraud, money laundering, and regulatory non-compliance.
According to Cybersecurity Ventures, cybercrime is projected to cost the global economy USD 10.5 trillion annually by 2025, a staggering jump from USD 3 trillion in 2015. The IBM Cost of a Data Breach Report (2023) reveals that the average data breach in the financial sector costs approximately USD 5.9 million, making finance one of the most targeted industries. In parallel, LexisNexis Risk Solutions estimates that financial crime compliance costs globally surpassed USD 213.9 billion in 2023, driven by increased regulatory requirements and emerging digital threats. These statistics underscore the urgent need for robust cyber risk governance and advanced fraud prevention strategies across the banking ecosystem.
Through the Cyber Risk and Financial Crime in Banking course, participants will gain deep insights into the intersection of cybersecurity and financial crime. They will explore industry-leading frameworks and develop a comprehensive understanding of regulatory requirements such as AML, FATF, KYC, GDPR, and digital banking mandates, helping institutions stay compliant while managing reputational and operational risks.
Participants will benefit from:
A thorough analysis of real-world cyber incidents affecting global and regional banks, offering actionable insights on how such attacks unfold and what can be done to contain them.
An overview of international compliance frameworks and their implications for digital banking operations, helping participants align institutional practices with evolving regulatory demands.
A clear understanding of major cybercrime typologies including ransomware, business email compromise (BEC), identity theft, and insider-led fraud schemes.
Techniques for conducting cyber risk assessments, developing risk matrices, and implementing layered controls across people, processes, and technology.
A breakdown of vulnerabilities in digital channels such as online payments, mobile banking apps, and contactless transactions, along with strategies to mitigate fraud in these areas.
Exposure to emerging detection technologies, forensic approaches, and cybercrime investigation methods to trace, analyze, and report incidents effectively.
A strategic perspective on integrating cyber risk governance into overall enterprise risk management, with emphasis on executive accountability and board oversight.
This course addresses the urgent need for financial institutions to move beyond reactive risk handling and embrace proactive, intelligence-driven strategies. As cyberattacks grow more targeted and regulatory expectations evolve, the demand for professionals equipped with both technical acumen and governance foresight has never been greater. By combining strategic frameworks, in-depth case analysis, and regulatory context, this training ensures that participants walk away with real-world capabilities to safeguard digital assets, manage compliance obligations, and cultivate a cyber-resilient culture.
Pideya Learning Academy delivers this training with a commitment to relevance, depth, and actionable knowledge. The Cyber Risk and Financial Crime in Banking course is especially designed for professionals who seek to lead organizational preparedness, mitigate financial losses, and drive systemic change in banking risk management. Whether you’re a cybersecurity expert, a compliance officer, or a banking executive, this course provides the critical insights and strategic frameworks needed to navigate today’s cyber risk terrain with confidence.