Cyber Frauds and Risk Management Strategies for BFSI Sector – Programme Overview
In an era defined by rapid technological evolution, the Banking, Financial Services, and Insurance (BFSI) sector stands at the forefront of innovation, playing a pivotal role in the economic landscape. However, with the relentless advancement of technology comes the persistent threat of cyberattacks, targeting institutions for financial gain and operational disruption.
The Reserve Bank of India (RBI), as the regulatory guardian of the financial ecosystem, has consistently emphasized the critical importance of cybersecurity readiness in the BFSI sector. The RBI recognizes that the interconnected nature of financial services places organisations at an elevated risk, demanding proactive and strategic measures to safeguard against cyber threats.
Recent years have witnessed an alarming surge in the sophistication and frequency of cyber threats targeting financial institutions. The evolving landscape encompasses a myriad of risks, from ransomware attacks and data breaches to targeted assaults on critical infrastructure. The RBI, cognizant of this dynamic threat environment, has issued guidelines underscoring the urgency for BFSI entities to fortify their cybersecurity defences.
RBI Directives and the Call to Action
In alignment with the RBI’s directives, it is imperative for BFSI top management to embark on a transformative journey towards cybersecurity resilience. This necessitates a paradigm shift from viewing cybersecurity as a technical concern to recognizing it as an integral aspect of strategic decision-making.
The Essence of the Programme
This comprehensive cybersecurity program, designed for professionals in the financial and digital sectors, empowers participants with the knowledge, skills, and strategic insights essential to navigate the intricacies of the modern cyber landscape. Drawing inspiration from RBI guidelines, the program addresses key facets of cybersecurity governance, risk mitigation, and compliance—fostering a culture of proactive defence.
Objectives
These objectives aim to create a comprehensive and impactful training journey:
- To equip participants with advanced understanding of cyberfraud threats, tactics, and real-world risk management.
- To demonstrate the role of governance, compliance, and digital forensics readiness in strengthening cyber resilience.
- To build crisis management plans, foster a risk-aware culture, and prepare proactive, future-ready response strategies.
- To enable BFSI professionals to confidently handle cyber incidents and make informed executive-level decisions under crisis.
- To help participants learn by doing—using tools and simulations in the Cyber Theme Park (CTmP) to detect phishing, understand cyber-attacks, and respond to incidents effectively.
Day 1: The Digital Risk Landscape & Governance Imperatives
Topics
- Cyber at the Core: From IT to Boardroom – Why cybersecurity is a strategic business issue.
- Regulations that Matter – RBI, ISO, NIST, DPDP compliance in BFSI governance.
- Behind the Mask – Deepfakes, phishing, insider fraud, and emerging threats.
- Ready for Crisis – Executive decision-making in simulated attack environments.
CTmP Experiences & Activities
- Deepfake phishing & BEC simulations
- AI/ML attack demo
- Executive cyber crisis drill
- Case studies on governance failure and phishing impacts
Day 2: Attack Vectors, Defense Strategies & SIEM Integration
Topics
- The Digital Battlefield – Securing networks & systems.
- Invisible Threats – Supply chain, API, and third-party risk.
- Know Your Logs – SIEM, UEBA, anomaly detection.
- Ransomware in Action – Lifecycle, defence, and SIEM detection.
CTmP Experiences & Activities
- Live ransomware infection & detection
- SIEM log simulation
- Supply chain breach case walkthrough
Day 3: Building Resilience and Future Readiness
Topics
- Code to Control – Securing applications & APIs.
- The Human Firewall – Culture, awareness & response readiness.
- Digital Clues – Forensics, evidence handling & AI’s role.
- Future Frontlines – AI-led breach simulations & war games.
CTmP Experiences & Activities
- App & API testing
- Digital forensics demo
- Simulated ransomware/phishing breach
- Executive War Game Simulation
Participant Profile
This program is tailored for mid-to-senior-level professionals in the BFSI sector including executives (CEOs, CIOs, CISOs), compliance officers, risk managers, IT security teams, app & vendor managers, operations teams, customer service managers, and fraud prevention professionals.
Venue
The programme is fully residential with air-conditioned single occupancy rooms. The College is comprehensively Wi-Fi enabled.
Duration
The programme duration is from December 10–12, 2025. Participants should arrive a day before commencement.
Programme Fee
Residential Fee: Rs. 43,700/- (US $683 for foreigners) + GST (18%). Non-Residential Fee: Rs. 37,700/- + GST (18%).
A 10% discount is applicable for three or more participants from the same organisation if paid before December 08, 2025.
Bank Details
For Indian Participants:
Account No: 62090698675
Beneficiary: Administrative Staff College of India
IFSC: SBIN0020063
Bank: State Bank of India, Bellavista Branch, Hyderabad
For Foreign Participants:
Account No: 62090698675
Swift Code: SBININBB327
Bank: State Bank of India, Bellavista Branch, Hyderabad, India
Medical Insurance
Participants must carry medical insurance valid in Hyderabad.
Last Date for Nomination
Last date: December 03, 2025.
Last Date for Withdrawal
December 06, 2025. Withdrawals after this date will lead to forfeiture of fee.
ASCI Alumni Association
Participants automatically become members of the ASCI Alumni Association.
Certificate of Participation
The College will issue a Certificate of Participation upon completion.
