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Cyber Security Risk Management for Finance Professionals

  • Analytics & Tech
  • Data Protection
  • Finance & Investment
Next Intake: 28 Jul 2025 (Mon)
  • Basic
  • SkillsFuture
  • Short Courses

This module is conducted in-person.

Next course starts on
28 Jul 2025 (Mon) See Full Schedule
Fee
SGD1,744* (as low as SGD203.20 after maximum funding) Learn More
Duration

2 Full Days (Weekdays)

Level
Basic

Who Should Attend

This programme is suitable for all users in the Accounting and Finance Industry who would like to have a deeper understanding of cyber security, its risks and challenges and how to manage the risks effectively in today’s rapidly transforming digital economy.


PREREQUISITES

There are no prerequisites for this programme. Prior knowledge on any of the topics is not required. 

Overview

With the embrace of advanced digital technologies and innovation, the Digital Economy is fast overtaking the Traditional Economy giving rise to an ever exigent rush to transform business firms into digital firms for critical competitive advantage.

This fast and furious digital transformation and digital innovation has opened up digital connectivity outside the firm and into the global world thus significantly exposing the security of the firm’s digital assets to real risks of cyber-attacks and cyber-terrorism. The cyber criminals are also leveraging new advanced digital technologies to increase the sophistications and impact of their cyber-attacks.

What are these cyber-attacks and cyber-terrorism, where do they come from, how are company assets exposed and how can firms address these real threats and challenges effectively? Such cyber-attacks and cyber-terrorism might cripple the business operations resulting in financial losses, rob the trust of customers and destroy its reputation which is fatal to the firm. It is thus critical that finance leaders support business leaders and users to quickly understand and assess their digital systems and connectivity and identify the firm’s vulnerabilities and high risks aspects of cyber security, develop cyber security policies, procedures and set up strong security tools and intelligent security analytics and controls with automation to effectively tackle the real and present threats of cyber-attacks and cyber-terrorism. 

This two-day programme will address the various cyber security challenges, define its key principles, explain its risks and vulnerabilities in relation to the digital economy, its global connectivity, its use of Cloud and IOT technologies and determine how such risks could be mitigated and managed effectively. Examples and case studies of recent significant cyber-attacks including a demo of malicious code injection attack and social engineering will be included for deeper learning. Essential cyber security policies, procedures, tools, controls and recovery plan as well as automation of cyber security analytics for predicting the probability of and detecting the cyber-attacks will be elaborated. The different types of cyber security and solutions including mobile security will be covered. Critical laws relating to cyber security liabilities and legal protection against cybercrime will also be highlighted.

Learning Objectives

  • Understand the various cyber security vulnerabilities, risks and exposures of the firm’s digital assets in relation to the growing digital economy of E-business, E-commerce and E-government, and their increasing use of Cloud and IOT 
  • Understand the key cyber security terminologies, types of cyber-attacks and their countermeasures, profiles and motivations of the attackers
  • Study and learn from examples and case studies of recent significant cyber-attacks, their root causes and the security solutions required
  • Learn to adopt the key principles of cyber security, its framework, policies, procedures, controls and contingency planning
  • Examine the different types of cyber security including mobile security, relevant solutions and tools (such as IPS, IDS, DLP, SIEM)
  • Learn to use intelligent cyber security analytics and its automation to predict and detect cyber-attacks for effective risk management and data security e.g.UBA
  • Understand and adopt the zero trust model and cyber security best practices
  • Know the essential laws on cyber security protection, legal liabilities and leverage them for legal recourse against cybercrime

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Click here for more infomation about SkillsFuture Credits (Not applicable for Company-sponsored participants)
For PSEA - Available only for Singapore Citizen below 31 (Not applicable for Company-sponsored participants)

Total Program Fee: SGD0.00

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$523.20

(After SSG Funding 70%)

$203.20

(After SSG Funding 70%
+ ETSS Funding 20%)

$523.20

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$203.20

(After SSG Funding 70%
+ MCES Funding 20%)

$203.20

(After SSG Funding 70%
+ ETSS Funding 20%)

$203.20

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$1,744

(No Funding)

$1,744

(No Funding)

$1,744

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit

Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).

Workfare Skills Support Scheme

From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

  • Organisation must be registered or incorporated in Singapore
  • Employment size of not more than 200 or with annual sales turnover of not more than $100 million
  • Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
  • Trainees must be Singapore Citizens or Singapore Permanent Residents
  • Trainees must not be a full-time national serviceman
  • Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here. 

Please click here for more information on ETSS.

Absentee Payroll

Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:

AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)

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Trainers

Fong Whye Choo, Serene
Trainer
SMU School of Accountancy
Fong Whye Choo, Serene
Trainer
SMU School of Accountancy
Serene boasts over 25 years of expertise in designing and implementing large-scale financial application systems. With senior roles in major financial institutions, she led projects in applications delivery and managed the projects office. Serene's proficiency spans core banking, electronic, internet, and mobile channel systems, along with business intelligence analytics for Financial Performance Management and Anti-Money Laundering and Compliance. She integrates cyber security principles into system design, ensuring comprehensive solutions. Serene holds a Bachelor of Accountancy (Hons) and a Master in Computing from NUS, complemented by certifications in Risk Management, PMP, and ACTA.

Additional Details

CPE/CPD Hours - 5.5 hours per day

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