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Cyber Risk

Cyber risk has become an increasingly important part of the business landscape that relies on digital technologies to deliver products and services.

With new threats and trends in cyberattacks emerging constantly, all employees need to understand what's expected of them in terms of cyber risk management.

Our Cyber Risk course provides an overview of the changing cyber risk landscape, recent cyber trends and what regulators expect.

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  • 45 Minutes
  • For all staff
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives

  • Appreciate why cyber risk awareness is imperative for our Company
  • Recognise the sources of and emerging trends in cyber risk and the threats we may face
  • Identify key regulations, as well as our duties and obligations in relation to cyber risk management
  • Ensure adequate due diligence and oversight of managed service providers (MSPs) and third parties to mitigate cyber risk
  • Put good governance and testing practices in place to limit our exposure to cyber risk

    What can you expect your employees to learn?

Welcome

Learning objectives

How to complete this course

What is cyber risk?

  • In numbers: The scale of the issue

The importance of cyber risk for firms

  • You decide: The importance of cyber risk
  • Types of cyberattacks
  • Emerging threats
  • In the news
  • Cyberattacks by state-sponsored actors
  • Rise in remote & hybrid working
  • Supply chain & third-party attacks
  • Cloud software & service providers
  • Regulations: Cloud software & service providers
  • Scenario: The third-party cyber breach

Insiders & employee negligence

  • Complying with data protection regulations
  • The NCSC's principles & guidance on managing cyber risk
  • Objective A: Managing security risk
  • Objective B: Protecting against cyberattacks
  • Objective C: Detecting cybersecurity events
  • Objective D: Minimising the impact of cybersecurity incidents
  • The Cyber Assessment Framework in practice
  • Reporting incidents

Operational resilience

  • You decide: Operational resilience
  • Deeper dive: Key elements of an operational resilience framework

Summary

Affirmation

Assessment

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Your questions, answered

Risk Management

How does conduct risk differ from compliance risk?

Conduct risk focuses on behaviour and outcomes, how actions affect customers and markets -  while compliance risk relates to failing to meet legal or regulatory requirements. Conduct risk is broader and more subjective, often tied to culture and ethics.

Who is responsible for managing conduct risk within a firm?

While senior leadership sets the tone, managing conduct risk is a shared responsibility across all levels, from front-line staff to compliance teams. Everyone plays a role in identifying and mitigating risky behaviour.

Can conduct risk exist in non-financial sectors?

Yes. Although the FCA regulates financial services, conduct risk principles apply across industries. Any business that interacts with customers or influences markets can face conduct-related challenges.

How can technology help reduce conduct risk?

Tools like automated monitoring systems, AI-driven analytics, and e-learning platforms can help detect risky patterns, reinforce ethical behaviour, and ensure consistent training across teams.

How often should proliferation financing risk assessments be updated?

Best practice suggests reviewing risk assessments annually or whenever there are significant changes in business operations, customer profiles, or geopolitical developments.

Why is risk scoring important for my business?

Identifying potential risks around your business is not enough. Tracking how your company manages them helps you implement policies to prevent them. The best way to get started is with a risk scoring matrix.

What is a risk scoring matrix?

A risk scoring matrix helps identify the level of risk for specific activities, such as personal data. By measuring the likelihood of something happening against how serious the consequences would be, it helps you see which areas to focus on. And what policies or procedures to put in place.

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