After the incident, questions were raised about the preparedness of the central bank as well as other banks to prevent cyber attacks. Upon discussion with bankers, regulators, and experts, it has been found that there are three tools that comprise the cyber security of banks – people, process, and technology. Only 4% of banks have employees with excellent knowledge about IT and cyber security systems, found another BIBM study which also revealed that half the banks officials in Bangladesh are unaware of cyber security. Sources said that among commercial banks, state-owned banks are at a high risk of cyber attack, followed by private and international ones. “Banks will have to increase cyber security measures along with conducting awareness programs to avert untoward incidents.

Source: Dhaka Tribune February 04, 2018 19:41 UTC