Over half of banks at high risk of cyber-attacks: BIBM

A high risk of cyber-attacks looms large over 36 per cent of banks in Bangladesh mainly due to a shortage of investment in strengthening security measures, skilled personnel and a lack of awareness among bankers and customers. In addition, another 16 per cent of banks are in a very high-risk condition, an indication of the fragile cybersecurity scenario in Bangladesh’s banking sector, according to research carried out by the Bangladesh Institute of Bank Management (BIBM). Only 12 per cent and 4 per cent of banks are now in low and very low-risk zones, respectively. The number of employees in the banking sector stood at 1.94 lakh in 2020, of which 5,875 were deployed to run their IT infrastructures. Cyber-attacks against financial institutions rose by 238 per cent between February and April of 2020, and globally, one out of four banks had experienced at least one security breach.

Source: https://www.thedailystar.net/business/economy/news/over-half-banks-high-risk-cyber-attacks-bibm-3045961

Commercial Bank of Ceylon PLC opened a Sub-Branch and 2 ATMs

Commercial Bank of Ceylon PLC has recently opened a Sub-Branch and 2 ATMs on the US embassy premises in Dhaka to serve the diplomatic mission. The photo shows US Ambassador Peter Haas and CEO of the bank Najith Meewanage inaugurating the Sub-Branch.

Source: https://www.thedailystar.net/business/economy/news/exporters-pay-higher-source-tax-3042911