Module FINN44215: Cybersecurity in Finance

Department: Finance

FINN44215: Cybersecurity in Finance

Tied To

• M1KK09: Law and Finance
• N2PC09: Management and Finance
• N3K109: Finance
• N3K209: Finance (Accounting and Finance)
• N3K309: Finance (Corporate and International Finance)
• N3K409: Finance (Finance and Investment)
• N3K709: Finance (Economics and Finance)
• N3KC09: Finance (Financial Technology and Banking)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• Provide students with a thorough understanding of cybersecurity principles and practices as they apply specifically to the financial sector and evolving threats.
• Familiarise students with the regulatory frameworks governing cybersecurity in the financial industry.
• Equip students with practical skills that they can apply in real-world scenarios within the financial sector; this includes hands-on experience in risk assessment, incident response planning and security architecture design.
• Students do not require any specific programming experience or cybersecurity management systems knowledge. This course will be self-contained in this respect and does not assume any prior knowledge.

Content

• Cybersecurity for Finance is a diverse, contemporary and evolving area for research and innovation. Therefore, specific lecture content will be updated with respect to current trends and the expertise of the module team. The following is an indicative list of potential topics:
• Overview of Cybersecurity and in particular Cybersecurity for financial services.
• Cybersecurity Regulations in Finance.
• Models of returns on information security and the difficulty of measurement.
• Incident response and strategies for recovery.
• Losses and cyber insurance.
• Financial innovation, Fintech and the evolution of security threats.
• Optimal risk management and security investment.
• Case studies on financial services and cyber security.

Learning Outcomes

• By the end of the module, students should have a critical understanding of the principles and practice of some of the diverse set of cybersecurity regulations and compliance requirements applicable to financial institutions.
• Students will have explored, understood and appreciated the complexity and contradictions of the current academic literature and its implications for professional practice, and be able to identify open questions for their own research;
• Students will have demonstrated an ability to learn and work independently in this area, exercising critical judgement and discrimination in the resolution of complex problematic situations.

• Cost-benefit and insurance analysis.
• Cybersecurity threat modelling and strategy design.

• Written Communication;
• Planning and organising;
• Problem solving and analysis;
• Initiative;
• Numeracy;
• Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• A combination of lectures, seminars and guided reading and online resources will contribute to achieving the aims and learning outcomes of this module.
• The summative assessment will enable students to develop their knowledge and critical understanding of the topic as well as their analytical and problem-solving skills.
• The formative assessment using in-class quizzes aims to enhance students' active engagement in the module and to enable them to practice and recieve immediate feedback on their understanding and skills.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

In-class quizzes during lectures and seminars.