The Bangladesh Bank issued a cyberattack warning for banks and non-banking financial institutions, asking them to enhance malware surveillance and apply different security tools to secure financial information of banks.
The central bank also suggested that banks and financial institutions take 17 specific measures to safeguard against escalating cyberattacks. The call comes in response to an increase in cyber threats targeting the financial sector. Information and Communication Technology Department of Bangladesh Bank in a letter has advised all banks and financial institutions to enhance their cybersecurity protocols.
"During regular information security monitoring and reviews conducted by the Bangladesh Cyber Security Intelligence (BCSI), instances of illegal transactions using Facebook Ad Manager on dual currency cards have been identified in several banks," the letter reads.
It further highlighted that these transactions are adversely impacting ordinary consumers, with cybercriminals actively exploiting social media platforms to target both the general people and bank customers.
Bangladesh Bank emphasized that the trend in global cyberattacks is on the rise, with a particularly alarming increase in incidents affecting banks in Bangladesh. Financial institutions are facing a growing number of malware attacks, underscoring the urgent need for enhanced security measures.
In light of these developments, the central bank has reiterated its request for banks to implement 17 measures promptly to mitigate the risk of cyberattacks and protect their systems and customers.
