Bangladesh Bank warns of rising cyber-attacks on banks

The Bangladesh Bank has raised an alarm about a worrying increase in cyber attacks on banks in the country. 

To address this issue, the central bank is urging banks and financial institutions to take important safety measures.

SM Tofail Ahmad, a deputy director at the Information and Communication Technology Department of Bangladesh Bank, sent a letter to all banks and financial institutions outlining these concerns.

In the letter, it was noted that regular security checks by the Bangladesh Cyber Security Intelligence (BCSI) have found illegal transactions happening with dual currency cards using Facebook Ads Manager at some banks. 

These transactions are putting regular customers at risk. Cyber criminals on social media are harassing both the public and bank clients.

The Bangladesh Bank pointed out that cyber attacks are increasing worldwide, and the situation in Bangladesh is becoming alarming. 

Banks are facing different types of malware attacks frequently. To help protect against these cyber threats, the central bank has asked banks to quickly implement 17 specific safety measures.