IT & Fraud: Risk Management

Fraud is ubiquitous. It grabs headlines every now and then with its high-impact prevalence and destructive tendency with respect to an organization’s core and reputation. However, whenever any major fraud hits the headlines – the organizations just sit back and watch thinking that it could not happen to their businesses. But the truth is –fraud can happen anywhere and everywhere.
Fraud has the potential to destroy the bottom line or even the entire organization; hence, managing the fraud risk has to be a vital function. This is more important considering the forces of globalization, competitive markets, rapid technological innovations and economic turmoil. For this reason, generally, all the businesses or organizations have their own risk management systems. And with an increased dependence on IT systems, several risks have been added to an organization’s profile. We, therefore, need robust strategies the –concerning the formulation and implementation of an IT risk. ... more

Beginner

Level

English

Language

6 Months

Duration

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Who Should Take This Course?

IT Managers and professionals;
Businesses wanting to alleviate and manage IT risks;
IT practitioners;
Chief security officers;
Heads of Risk Management Firms;
Heads of Legal Departments;
Heads of Regulatory Compliance Firms;
Accountants;
Internal, External Auditors;
Entrepreneurs interested in realizing their business ideas on the risk management;
Managers;
Company Executives;
Professionals in any field;
Government Officials;
Lawyers;
Students; and
Anyone interested in obtaining a broad overview of the principles and practices of risk management.

Evaluation Method

Progress will be tested by way of quizzes and assignments at the end of each Module. Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain course certificate.

Course Outcome:

After completing this course, you will be able to:

To equip the readers with a comprehensive perspective on the concepts, tools and techniques pertaining to risk management
To have an overview of the components of the methodology of risk management.
To develop analytical and integrative thinking in understanding and implementing the risk management practices.
To have a basic understanding of identifying and mitigating the IT risks.
To identify the steps involved in developing an IT risk and fraud risk management program.
To practice communication skills entwined with risk management topics.
To prepare the readers in their application of the principles of risk management in their professional life.

Course Outline:

Module 1 – IT Risk Management
Module 2 – Fraud Risk Management
Certification Exam/ Assessment

About the Author

Deepali Kharbanda with inputs from Gaurav Jain. Deepali is an alumnus of Faculty of Law, Delhi University, and currently working as Faculty and Senior Legal Editor at LawSkills. She brings on board 10 years of extensive experience and specializes in the field of law and technology, commercial laws and policy. Gaurav has 12 years of experience in the risk management domain. He has completed his international PG Diploma in Risk management from IIRM Hyderabad (Institute of Insurance & Risk Management) and M.com from Delhi University; also he is a Certified Fraud examiner from Association of Certified Fraud Examiner, USA. Presently, he is working as a Chief Risk Officer for Bajaj Capital Ltd, a leading financial services company in India.