Sunday, May 8, 2016

Currently, 5 percent of the bank's information

Currently, 5 percent of the bank's information security risks are high. The surprise attack on the cyber attacks if the bank tries to steal important information, the ability to prevent the country less than half of the bank. Information has emerged that the Bangladesh Institute of Bank Management (BIBM), one of the researchers.
"The banking sector cyber-defense: current status, problems and solutions on this research associate professor at the BIBM Alam Rahman. The first light, the initial data collection study public-private commercial banks of the country's 5 data has been used. However, the study is applicable to the whole sector has been created in such a way.
The study illustrates the banking sector in the last three years, it has been said that there are 015 banks in the number of information security risk 5 percent. The 'high' risk of 16 per cent and 36 per cent of high-risk banks. In 01 the number of banks was 70 percent. The bank's information security risk, reducing the number to 18 percent in the last three years, it is still too much for the sector as a whole has been referred to the study. Country public and private, foreign and specialized banks together have a total of 56 scheduled.
The banking sector, information technology (IT) research highlights the issue of the manpower shortage has been working in the sector, only two per cent of the total personnel working in IT. Overall, the sector is now 1 million 73 thousand people worked. The IT job is only 4 to 4 and a half thousand people.
On the night of February 4 this year, the Reserve Bank of Bangladesh from 10 million to 10 million dollars was stolen. Sri Lanka came back from two billion dollars in the rest of the 8 million to 10 million dollars has been recovered yet. In the Philippines, nearly 1 billion dollars has been recovered. After the incident, the theft of the central bank, the Reserve Bank of IT security sector and the investment comes to the discussion. That being said, the weakness of the Bangladesh Bank, IT, because the computer hackers. In this context has not been studied.
According to the study, cyber-attack or fell out of the central database, most banks do not have a clear idea about what to do in this case. A variety of cyber attacks against information-sharing and experience exchange in the central bank's measures have not been taken as the root cause of the problem. Again, no technology or system will be used to prevent cyber attacks, a lot of banks do not understand it. Under the Central Bank to give suggestions on establishing an institute or a structured organization stressed. Opinion Research, 90 percent of chief executive has agreed to build such a system.
Opinion research, 85 percent of the bank's senior management views IT investments as well as an additional cost. The bank has invested in technology machinery, they invest in the sector do not consider the cost of business. And only 8 percent of the bank's investment in IT in the future as well. 4 per cent of the IT investment bank is waiting for the instructions of the Central Bank.
IT strategy with the business strategy of the Bank is not associated with the study of views has emerged. Better customer service and increase the efficiency of banking and 90 percent of the bank's IT-related, there is no specific plan. The current strategy to counter the risks of the technology, as well as the future strategy for the next three to five years, banks have been advised to take the initiative to study. IT investment in the bank's core business of many banks do not realize the benefits of multimedia.
The attacks have been tried in the past three years, several banks, the local hackers in the country has 60 per cent of its research has emerged. The country has 40 percent of cyber attacks, the top five countries are Nigeria, China, Bulgaria, Russia and Romania. During this period, the lowest cyber attacks from abroad, an average of 45 a day, and has a maximum of 300 attacks.
According to the research data, only 1 percent of the bank to establish IT governance and structural plans are definite. Different types of IT governance framework and guidelines to follow to ensure each bank. Bangladesh Bank to level the field and to ensure good governance in accordance with international standards have been advised of an IT governance policy.
Asked about the organization of banking sector executives Bankers Association of Bangladesh (ABB) President and Managing Director of Mutual Trust Bank Anis A. Khan, said first light, before being expensive investment in IT spending in this sector was the reluctance of banks to vinyl. However, in the case of the Bangladesh Bank, the bank's mentality has changed. According to a variety of short and long term investment in this sector are banks.
BIBM highlight different aspects of the study at a seminar was held on Saturday. Cyber ​​security phayaraai multinational organizations, and BIBM CTO Forum Bangladesh jointly organized the seminar. The theme of the seminar was' cyber-defense: Do not wait to be attacked before his risk out. Bangladesh Bank Executive Director subhankara Saha was the chief guest. BIBM Director General Tawfiq Ahmed Chowdhury presided over the seminar was moderated by the company's Chair Professor SA. The seminar was attended by officials of the bank's IT-related.
I technology expert seminar Fire subhendu Sahu said the biggest problem of cyber attacks, according to a company sometimes can not believe it that they have been victims of such attacks. Cyber ​​attacks of all types of business around the world is increasing the amount of monetary damages. Such attacks have resulted in direct economic losses of up to 60 multilateral institutions in 014 million dollars, 013 million dollars, which was 51.
Representatives of several banks to increase IT investment in the bank's decision-makers with the authority to hold such seminars suggested. They also IT governance, increase database security, IT audit-related increase in the exchange of information and advised to develop a central system.

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