Photo: BSS

DHAKA, Nov 1, 2024 (BSS) - The Bangladesh Bank (BB) has asked all banks and
non-bank financial institutions (NBFIs) to implement stringent security
measures for increased risk of cyber attacks.
 
"Bangladesh Cyber Security Intelligence (BCSI) has detected a significant
increase in unauthorised transactions using dual currency cards linked to
Facebook ad managers," said BB in a letter issued to all banks and financial
institutions recently.
 
These illicit activities have resulted in financial losses for numerous
customers, the letter added.
 
It said cybercriminals are exploiting social media platforms to target
unsuspecting individuals and carry out fraudulent activities.
 
The central bank emphasised the global surge in cyber threats and expressed
concerns about the growing vulnerability of the country's banking system.
 
In the letter, BB said banks have been reporting frequent malware attacks.
 
In response to the escalating threat, the central bank has outlined 17
essential security measures that banks must implement immediately, the letter
added.