Cyber security remains top concern in cashless push; central incident reporting framework launched
Governor Reveals Severe Vulnerabilities Found in June Cyber Drill
- Major vulnerabilities exposed during June cyber drill in the banking sector
- Launch of 'Cyber Incident Reporting System' and 'National ICT & Cyber Security Rating System'
- Focus placed on early warning mechanisms to secure the cashless economy
A cyber drill conducted in late June uncovered critical security flaws within the banking sector that could have triggered a massive cyber disaster, revealed Bangladesh Bank Governor Mostakur Rahman. He made these comments on Tuesday (August 4) while speaking at the launch of the 'Cyber Incident Reporting System' and the 'National ICT & Cyber Security Rating System' held at the BCC Auditorium in the capital.
The Governor remarked, "As we rapidly advance towards a digital economy and a cashless society using QR codes and other digital platforms, ensuring bulletproof cybersecurity and identifying system loopholes remain our primary anxieties." Reflecting on the June evaluation, he noted that one or two vulnerabilities detected were severe enough to compromise major banks or financial institutions.
He expressed optimism that the newly launched 'Cyber Incident Reporting System' would play a pivotal role in issuing early warnings and enabling rapid responses against cyber threats in the financial ecosystem. He extended his gratitude to the National Cyber Security Agency for executing this initiative. Presided over by ICT Secretary Mamunur Rashid Bhuiyan, the event was also addressed by Minister for Posts, Telecommunications and Information Technology Fakir Mahbub Anam, Prime Minister's Advisor Rehan Asif Asad, and BTRC Chairman Major General (Retd.) Emdad Ul Bari.
//DBTech/BNO/SMI//
