€150 - €270
Live Online
6 CPD Units | 6 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Cybercrime is a very serious threat to information and systems security, and risk prevention is vital to protecting us at a business or personal level. It refers to activities aimed at illegal or unauthorised system access, use, or abuse of data or computer systems. These activities include data theft, phishing (e-mail fraud, account takeover or other exploitative methods), hacking into systems to steal information or destroy data (Ransomware), and more.
Cybercrime fraud prevention is a vital field concerned with identifying and addressing potential threats to information and systems security, and personal safety through detection systems or human awareness. This includes implementing security best practices, using detection and protection technologies, educating users on risk management and fraud detection, and developing and implementing information protection policies and regulations.
Moreover, the course is designed to equip professionals with the knowledge and skills to effectively manage financial consequences of cybercrime like Card Fraud. It covers the latest trends, techniques, and technologies used to monitor, detect, prevent, and respond to fraud incidents. The course blends theoretical knowledge with practical insights, case studies, and hands-on exercises.
Finally, the course shall also provide overview insights on Insider Fraud within financial institutions and elaborate on the possible consequences should it be left unnoticed. The material will cover a wide range of topics from understanding what insider fraud is, identifying potential red flags, implementing effective controls, and developing response strategies.
Participants will attain knowledge and skill on the various forms of cyber fraud and the risks lurking in cyberspace, as well as on card fraud and insider fraud, so that they can identify, prevent and combat them.
Cybercrime Awareness
Programme participants will be able to:
Describe internet use and discuss whether has become a 'need' or an 'addiction'
Cookies, elaborate on usage and abuse
Identify the basic concepts of cyber fraud.
Recall the definition of social engineering.
List hackers' groups, techniques and motivational factors.
Cite important cyber fraud statistics.
Explain the influences of the rapid growth of cybercrime on our daily lives.
Describe different types of social engineering tactics.
Interpret the consequences and prevention methods of ransomware.
Summarize key cases of cybercrime fraud and money laundering techniques.
Discuss the legislation and regulations governing countering cybersecurity and cyber fraud
Card Fraud and Insider Fraud
Programme participants will have attained:
Detailed knowledge on card fraud management and insider fraud, including common schemes, techniques, and evolving trends.
The ability to identify and assess potential fraud risks within an organization, via monitoring tools and reports.
The skills to recognise red flags and behavioural indicators of both card fraud and insider fraud.
Proficiency in designing and implementing robust fraud prevention frameworks.
Understanding of internal controls, and segregation of duties to mitigate fraud risks.
Techniques for effective monitoring and surveillance to detect fraudulent activities.
Knowledge of technology solutions like data analytics, artificial intelligence, and fraud detection software.
Insights from real-world case studies and practical application of learned concepts through interactive scenarios.
Training Outline
The Evolving Threat Landscape
Technology vs. Cybercrime: The broad adoption of technology and the evolution of cybercrime.
AI and GPT Evolution: Understanding AI fraud and associated risks.
Fraud Trends
Social Engineering: The Human Element of Hacking
Social Engineering (SE): The 'Art' of human hacking.
SE Methods and Detection:
Phishing, Smishing, and Vishing techniques. Detection exercises. SIM swapping.
CEO Fraud: Impersonations, spoofing, and Deep Fakes.
Deep Fakes: A new deception era.
Advanced Cyber Threats and Financial Crime
Ransomware: A rising threat for organizations.
Hackers: Groups, motivations, tactics, and statistics.
The BOA Case: The story of a famous Hacker arrested in Cyprus.
Account takeover: Synthetic ID Fraud and money laundering.
Insider Fraud/Corruption: The Fraud Triangle concept.
Money Laundering: Techniques and use cases.
Card Fraud: fraud types, and use cases.
Crypto Scams: Investment traps and fraud prevention tips.
Building a Resilient Cybersecurity Culture
Information Security Tips: Best practices for an effective Cybersecurity Culture.
Key Data Security Standards: ISO 27001, PCI DSS, DORA (Digital Operational Resilience Act).
Who Should Attend
All employees and company executives (including IT staff) who engage with the internet and social media. Specifically:
All Company Employees and Executives
Information Technology (IT) Staff
HR and Training Professionals
Compliance and Risk Management Officers
Accountants and auditors
Law Enforcement and Legal Professionals
Training Style
The lecture will include hands-on exercises and real-life cyber fraud and card fraud case studies, which shall help the attendees to absorb and apply the acquired knowledge to practical fraud scenarios. The lecture is particularly important for cyber security professionals, network administrators, accountants and auditors but also for all company staff and individuals who are in constant contact with the internet and social media.
It is important to emphasise that the course primarily aims to cultivate the appropriate Cyber Security culture that all of us must possess to be safe in cyberspace and to understand both the financial and personal consequences of our actions should we fall victim to fraud.
CPD Recognition
This programme may be approved for up to 6 CPD units in Fraud. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
This training course may be approved as an external activity under the new ACAMS recertification category ''non-ACAMS credits'' for up to 6 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Phoebus Christodoulides
Phoebus Christodoulides, a USA University graduate (BA and MBA), commenced his business career as an External Auditor at PWC in 1991 until 1994. Thereafter, held Managerial positions at JCC Payment Systems Ltd, mainly as Risk Manager. Over a duration of 28 years employment at JCC, he maintained Managerial positions at Operations areas, such as Fraud and Risk, Card Transactions Security, Authorisations, Premises Security, ERM, Information Security and Call Centre; hence acquired extensive hands-on experiences which developed and refined his Risk Management skills. Some peripheral duties were, Chairman of the Cyprus Banks fraud working group, ‘Expert Witness’ for criminal cases and fraud investigations at Cyprus Courts, Advisor and liaison to the local and foreign police authorities (including Europol) on card fraud cases, Lecturer at the Cyprus Police Academy for over 30 years on subjects: Bank Card Fraud and Cybersecurity Awareness and Creator of JCC’s in-house fraud monitoring system. Among his professional awards include Best Financial Crime Investigator of the Year Award in 2004 (USA), Mastercard award for his continuous efforts to reduce fraud (2005), Cyprus Police award for contributing to the deterrence of card fraud in Cyprus, and an award handed over by the President of Cyprus for his lecturing at the Police academy for decades.
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.
Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.
To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
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