Bangladesh Bank has reported a concerning rise in cyber attacks on the country’s banking sector, prompting it to urge banks and financial institutions to adopt heightened precautionary measures.
Bangladesh Bank stated that cyber attacks are escalating globally, and Bangladeshi banks are no exception, with a notable increase in cyber threats. Many banks are frequently encountering various types of malware attacks. To mitigate these risks, Bangladesh Bank has recommended 17 immediate measures for all banks to enhance their cybersecurity defenses.
In a letter sent on Thursday, October 31, S.M. Tofayel Ahmad, Additional Director of Bangladesh Bank’s Information and Communication Technology Department, issued this advisory to all banks and financial institutions.
The letter noted that recent cybersecurity intelligence monitoring by the Bangladesh Cyber Security Intelligence (BCSI) revealed unlawful transactions in some banks using dual-currency cards for Facebook Ad Manager, resulting in losses for ordinary customers. Reports indicate that cybercriminals, active on social media platforms, are persistently harassing both banks and the general public through fraudulent activities.
