Course Description

Synopsis:

This two-part e-learning course is designed to provide finance, audit and accounting professionals with a comprehensive understanding of cyber fraud, its various forms, and the strategies for preventing, detecting, and responding to cyber fraud incidents. Through this course, participants will gain the knowledge and skills necessary to protect their organisations from cyber fraud threats.

By the end of this course, participants will be able to:
1. Understand the fundamental concepts and types of cyber fraud.
2. Identify common cyber fraud schemes and tactics used by fraudsters.
3. Apply strategies to prevent and detect cyber fraud.
4. Respond effectively to cyber fraud incidents.

Part TWO of this course will allow participants to gain practical insights into detecting, responding to, and preventing cyber fraud through real-world case studies. You will also explore best practices, compliance requirements and effective strategies to protect your organisation from evolving cyber threats.

Module 5: Cyber Fraud Detection Techniques 

• Using monitoring tools to detect suspicious activities
• Recognising red flags and anomalies in data

Module 6: Responding to Cyber Fraud Incidents 

• Developing and implementing an incident response plan
• Conducting forensic investigations to trace fraud activities

Module 7: Case Studies and Real-World Examples 

• Reviewing and analysing past cyber fraud incidents
• Learning lessons from real-world cases

Module 8: Best Practices and Compliance Requirements 

• Understanding regulatory compliance (e.g. GDPR, PCI-DSS, PDPA, Computer Misuse Act)
• Adopting industry standards and best practices

Conclusion

• Recap of key points covered in the course
• Final thoughts and best practices

Part ONE of this course will allow you to understand the evolving landscape of cyber fraud, from phishing to ransomware, and its impact on organisations. In the process, you will also learn to identify threats, recognise common schemes and implement effective prevention strategies to safeguard against cyber risks. To access Part ONE, watch the Building the Digital Fortress: Safeguarding Against Cyber Fraud (Part ONE).

Intended For:

• Audit Professionals/PAIP
• Finance Professionals/ PAIB
• Public Sector Finance
• C-suite & Directors
• Business Owners

Given the prevalence of cyber crime and frauds that occur on a global scale and also Singapore’s recent statistics that $651.8m was lost by scam victims in 2023, it is incumbent upon all organisations to safeguard their organisation's assets. All professionals in accounting, finance, tax, audit and heads of functions and business owners should be aware of the risks that lurk in every online transaction.

Competency Mapping: 

• CPE Category 2 = 0.5 CPE Hour
• CPE Category 5 = 0.5 CPE Hour