Payment Flows

Course Provider

College of Computing and Data Science (CCDS)

Certification

FlexiMasters

Academic Unit

1

Introduction

Effective management of money, both in terms of storage and transfer, plays a pivotal role in a wide array of criminal activities. In the contemporary landscape of cyber-enabled fraud, criminal operations extend far beyond the traditional realms of physical currency, checks, and credit cards. Instead, criminal actors continuously devise innovative and sophisticated payment methods. Understanding the intricate mechanisms that govern the flow of funds is a paramount factor in the identification and prevention of cybercrime.
This comprehensive course is meticulously designed to cater to the needs of current Information Technology (IT) professionals who aspire to elevate their competence in the fields of cyber and data governance. Whether your career trajectory is within the banking and finance sector or you operate in industries that engage in electronic business transactions with financial institutions, this course equips you with the knowledge and skills essential for success. By delving into the intricacies of financial transactions, you'll gain the expertise necessary to detect and combat cyber threats, safeguarding both your organisation and the broader digital ecosystem.

 

    This course is part of:

    - Graduate Certificate in Cybersecurity and Digital Trust

    - FlexiMasters in Cybersecurity and Digital Trust

    - This course has yet to be mapped to the relevant Master's Programme

    Learners are encouraged to complete the following core courses before enrolling in the remaining courses:

    1. Foundations of Cybersecurity (1 AU)
    2. Basic Cybersecurity Risk Management (1 AU)
    3. Intermediate Cybersecurity Risk Management (1 AU)

     

    This course will review legacy and modern payment systems, covering both traditional and novel ways that cybercriminal use, store, and launder funds via various payment systems. Money is frequently both the motive and means of much of the cybercriminal activity observed today, so understanding the platforms and methods available is critical.

    At the end of the course, learners will be able to: 
    • describe the various payment systems and methods for money storage and transfer.
    • distinguish the traditional and novel ways that cybercriminal use, store, and launder funds using various payment systems.
    This course will review legacy and modern payment systems, covering both traditional and novel ways that cybercriminal use, store, and launder funds via various payment systems. Money is frequently both the motive and means of much of the cybercriminal activity observed today, so understanding the platforms and methods available is critical. 

    This course is suitable for cybersecurity analysts, information system auditors, law enforcement, security architects, system designers, and system administrator. Prior knowledge in cybersecurity, cybersecurity risk management and cryptography will be an advantage.

     

    Learners are encouraged to complete the following core courses before enrolling in the remaining courses:

    1. Foundations of Cybersecurity (1 AU)
    2. Basic Cybersecurity Risk Management (1 AU)
    3. Intermediate Cybersecurity Risk Management (1 AU)


    Standard Course Fee: S$2,180

    SSG Funding Support

     Course fee

    Course fee payable after SSG funding, if eligible under various schemes

     

    BEFORE funding & GST

    AFTER funding & 9% GST

    Singapore Citizens (SCs) and Permanent Residents (PRs) (Up to 70% funding)

    S$2,000.00

    S$654.00

    Enhanced Training Support for SMEs (ETSS)

    S$254.00

    SCs aged ≥ 40 years old
    SkillsFuture Mid-career Enhanced Subsidy (MCES)
    (Up to 90% funding)

    • Standard course fee is inclusive of GST.
    • NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information.

     

    Read more about funding

    Derek Pak

    Derek Pak is Vice President of customer compliance & fraud at Mastercard. He has over 30 year of law enforcement and fraud risk management experience, well versed in evolving fraud trends.

    Melvin Chew

    Melvin Chew is Vice President for Asia Pacific Franchise CORE Lead & Southeast Asia franchise. He strengthens support to cross-functional partners and drives revenue growth through engagement plans and performance optimization initiatives. 

     

    COURSE TITLEACADEMIC UNIT
    Foundations of Cybersecurity
    		1
    Basic Cybersecurity Risk Management1
    Intermediate Cybersecurity Risk Management1
    Payment Flows
    		1
    Cyber Fraud Loss Cycle
    		1
    Mastercard Cybersecurity Tools1
    Cybercriminal Profiling 1
    Enterprise Cyber Risk Management 1
    Insider Threat1
    Corporate Security Structure1
    Public-Private Sector Partnerships1
    Intelligence Life Cycle1
    Introduction to Cryptography1
    Hardware Trojan Threats and Countermeasures 1
    Hardware Security and Design for Trust1


      Listed courses are:

      • Credit-bearing and stackable to Graduate Certificate in Cybersecurity and Digital Trust (total 9 AUs) and FlexiMasters in Cybersecurity and Digital Trust (15 AUs)

      Learners are encouraged to complete the following core courses before enrolling in the remaining courses:

      1. Foundations of Cybersecurity (1 AU)
      2. Basic Cybersecurity Risk Management (1 AU)
      3. Intermediate Cybersecurity Risk Management (1 AU)

       

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