Reported by: Arifur Rahman Tuhin

Written by: Eshan Maitra

Bangladesh Institutes of Bank Management (BIBM) published an alarming report about the severity of cyber risks in the banks in Bangladesh. Their survey shows, 36% banks are at high cyber security risk and 50% bank officials are unaware about cyber security, by conducting survey on 500 officials in 21 banks. Only 10% banks passed the IT security requirement. IT Expert Mostafa Jabbar commented, this a very dangerous and unfortunate issue. They can buy crores taka worth software, but can’t bring in any able operator. That is both unbelievable and unfortunate. If another BB Heist occurs, none will able to ignore their liability. BIBM Assistant Prof. Mahbubur Rahman Alam urges about the current global situation about the rampaging cyber bank-hackers and Bangladesh also on their list. Lack training & knowledge of both the officials & customers, is the prime reason behind poor cyber security of the banks in Bangladesh.

BB IT General Director Debdulal Roy expressed regarding this report that, they will be revising the cyber security guidelines for the banks. They will be directly working with the bank officials to aware about its severity and train them for the adversities.