IIBF Cyber Crimes & Fraud study guide
IIBF Cyber Crimes & Fraud · Work through your exam, one topic at a time.
Cyber Crimes & Fraud is an IIBF certification area aimed at banking and BFSI professionals who need working command of fraud typologies, information security controls, KYC/AML/CFT obligations and investigation practice. The IIBF site confirms the Institute's role in banking education, training and examination and lists a steady stream of professional development programmes on exactly these themes, including preventive vigilance and fraud management, cyber risk and IT security for banks and financial institutions, managing IT and cyber security risks in the BFSI sector, KYC/AML/CFT compliance, and staying ahead of cyber frauds through KYC/AML/CFT compliance. The IIBF Cyber Crimes & Fraud study guide has 6 sections and about 1,767 words.
01Cyber Crimes and Fraud Risk Management
Cyber Crimes and Fraud Risk Management tests whether you can classify cyber-enabled frauds, apply the RBI fraud-reporting discipline, and connect a customer loss to the correct liability and reporting route. Typologies include phishing, vishing, smishing, SIM-swap, OTP interception, UPI collect-request fraud, QR-code substitution, ATM skimming, BIN attack and account takeover.
314 words, about 2 min02Cyber Security
Cyber Security tests governance and incident-response discipline: who owns cyber risk, what must be reported, to whom, and within what time. RBI's Cyber Security Framework (2016) requires a board-approved cyber security policy, a CISO, a security operations centre, a cyber crisis management plan, annual IS audit, gap assessment and incident reporting to RBI within 2–6 hours.
299 words, about 1 min03Information Security and Digital Banking Risks
This domain tests information-security controls and the regulatory guardrails around digital channels, cards, lending and data sharing. Information security rests on confidentiality, integrity and availability, supported by data classification, encryption, access control, segregation of duties, logging, DLP and business continuity.
297 words, about 1 min04KYC, AML and CFT Compliance
KYC, AML and CFT tests the preventive and reporting obligations that stop banks being used to launder money or finance terrorism. PMLA, 2002 and RBI's KYC Master Direction (2016) require customer due diligence, enhanced due diligence for high-risk customers, PEP screening, beneficial-ownership identification, risk categorisation and periodic KYC updation.
277 words, about 1 min05Preventive Vigilance
Preventive Vigilance tests whether you can design controls that stop fraud before it happens, rather than only punishing staff afterwards. Preventive vigilance is forward-looking: systems improvement, segregation of duties, job rotation, mandatory leave, surprise checks, concurrent audit, whistleblower mechanisms and vendor due diligence.
258 words, about 1 min06Fraud Investigation and Regulatory Compliance
This domain tests the investigation lifecycle, evidence handling, regulatory reporting and customer-remedy routes after a fraud is detected. The investigation sequence is detection, preliminary inquiry, evidence collection, forensic review, root-cause analysis, staff accountability, regulatory reporting, recovery and legal action.
322 words, about 2 min