New e-learning workshop on Countering Ransomware Financing is launched

A new e-learning workshop on Countering Ransomware Financing has been launched by the Gibraltar Financial Intelligence Unit (GFIU).

The interactive module is designed to help reporting entities, regulators and public sector professionals better understand the flow of illicit funds obtained from ransomware attacks, and how to identify, detect, and respond to them effectively.

This new workshop forms part of Project Nexus, the GFIU’s strategic outreach and engagement programme aimed at strengthening Gibraltar’s resilience to financial crime through knowledge- sharing, training, and collaboration.

The launch is part of the GFIU’s ongoing efforts to provide accessible, high-quality learning to its partners and stakeholders.

It says ransomware attacks continue to grow in complexity, not just with organised crime groups for financial gain, but also as a tool of geopolitical disruption and instability by state-sponsored threat actors. This evolving threat highlights the importance of understanding how these attacks are financed and how financial intelligence can help disrupt and deter them.

Last year, the GFIU conducted a survey to assess the impact and prevalence of ransomware attacks in Gibraltar as part of a wider initiative under the Gibraltar Regulators Forum. Insights gathered from this exercise have directly informed the development of the e-learning module, ensuring that the content contains some local context and reflects the real challenges faced by entities across Gibraltar.

GFIU Director, Edgar Lopez, says:

“I am very pleased with my team’s work in delivering this timely workshop. In a rapidly shifting geopolitical and cyber threat environment, our role is not only to respond to financial crime but to anticipate it. Project Nexus and e-Nexus represent our commitment to forward-looking engagement and learning for professionals in the finance centre.”

Minister for Justice, Nigel Feetham, says:

“I commend the GFIU for its continued leadership in tackling emerging threats like ransomware. The development of this new e-learning module2 reflects the unit’s dedication to proactive engagement, and its commitment to supporting both public and private sector partners.”

The Countering Ransomware Financing module is now live on e-Nexus and available to all authorised users. It adds to a growing suite of workshops covering topics such as suspicious activity reporting, business email compromise, proliferation financing and terrorist financing.

For more information or to request access to e-Nexus, visit the GFIU’s website:

www.gfiu.gov.gi.