ICA Offers New Cybersecurity Risk Management Program as Global Threat Increases

The International Compliance Association (ICA), a professional body for the global regulatory and financial crime compliance community, has partnered with the International Cyber Threat Task Force (ICTTF) to offer a new program in cyber risk management.

The global cost of cybercrime will increase and worldwide spending on cybersecurity is estimated to hit $133.7 billion in 2022, according to Gartner, says ICA, and the worldwide coronavirus outbreak has exacerbated the threat as organizations are faced with the challenge of keeping as many business-critical functions running as possible, while maintaining adequate security. Business leaders are increasingly recognizing the threat, with 68 percent saying their cybersecurity risks are increasing.

The new 8-week online program from the ICTTF, which is suitable for managers in either the first or second line of defense, covers a range of topics from identification of cyber risks through to risk management options. The course has been designed to equip professionals with the knowledge, skills and confidence they need in order to protect the digital assets of their organization and support the efforts of or lead the implementation of a cyber risk framework. Professionals can now enroll onto the ‘Certified Cyber Risk Officer’ course which commences on June 4, 2020.

Established in 2010, the ICTTF is a not for profit initiative promoting the ecosystem of an international, independent, non-partisan cybersecurity community and is committed to fostering collaboration, networking and knowledge sharing under the mantra ‘it takes a network to defeat a network’.

Bill Howarth, ICA President, commented: “We know that our members are contending with many new challenges right now and managing the increasing risk of cybercrime while so many employees are working from home is one of these challenges. We’re delighted to be working with the ICTTF to offer this highly practical online course that will equip compliance professionals with the tools and skills they need to work collaboratively with other parts of the business to manage cyber risk more effectively.”

Paul C Dwyer, President of ICTTF, added, “The answer to the cyber challenge is leadership and business leaders need to be informed. Measuring and managing cyber risk is now an intrinsic part of most people’s roles and not just the responsibility of a cybersecurity function. Cyber risks are holistic and the organizations that empower their people to identify and manage risks across the business gain competitive advantage through embracing innovation. I’m really pleased to be working with ICA to offer this new program that will promote change.”

More information about the course can be viewed here.

ON DEMAND: Business-impacting events such as severe weather, man-made disasters, and supply chain disruption are increasing in frequency and making impacts around the globe.

In today's rapidly evolving security landscape, organizations face an ever-growing array of disruptive events, security threats and risks. Traditional reactive approaches to security intelligence often leave businesses vulnerable and ill-prepared to anticipate and mitigate emerging threats that could impact the safety of their people, facilities or operations.