Bangladesh Bank asks for precautionary measures to thwart cyber attacks

The central bank outlines 17 essential steps to enhance security

The Bangladesh Bank has asked banks and financial institutions to adopt precautionary measures against the rising threats of cyber attacks.

The central bank sent a letter from its Information and Communication Technology Department, outlining 17 essential steps that must be taken urgently to enhance cybersecurity.

The letter warns that the Bangladesh Cyber Security Intelligence's, or BCSI, regular monitoring has revealed instances of illegal transactions using dual-currency cards via Facebook ad managers in some banks.

The misuse is reportedly harming ordinary customers, as cybercriminals active on various social media platforms continue to harass the public and bank customers.

According to the central bank, the global trend of cyber attacks is on the rise, with local banks experiencing a concerning increase in such incidents.

Banks are regularly falling victim to malware attacks, it added.