Banking

NRB Global Bank formally opened its Gazipura branch at Gazipur on Sunday. Nizam Chowdhury, Chairman of the bank inaugurated the branch as chief guest, said a press release. Among others Managing Director Proshanta K. Halder, Branch Managers, disti

Posted by BankInfo on Tue, Jul 25 2017 09:54 am

NRB Global Bank formally opened its Gazipura branch at Gazipur on Sunday.

 Nizam Chowdhury, Chairman of the bank inaugurated the branch as chief guest, said a press release.

 Among others Managing Director Proshanta K. Halder, Branch Managers, distinguished clients were also present on the occasion.

 Mentionable that through the latest technological support the bank will provide quality service to the customer

News:Daily sun/25-jul-2017

BB governor for ensuring cyber security in banking system

Posted by BankInfo on Tue, Jul 25 2017 09:44 am

Bangladesh Bank (BB) Governor Fazle Kabir on Sunday urged the commercial bank authorities to take necessary steps to ensure cyber security in the banking system.
"Every bank should strengthen its ICT as it is taking forward the banking business. The importance of ICT in banking sector has increased side by side the rise in cyber risk," he said.
The central bank governor said this at a workshop on "Cyber Threat Readiness for Bankers" at Bangladesh Institute of Bank Management (BIBM) auditorium in the city.

News:new nation/25-jul-2017

Mercantile Bank elects three new leaders

Posted by BankInfo on Tue, Jul 25 2017 09:31 am

Md. Abdul Hannan and ASM Feroz Alam have been elected as Vice-Chairmen and Md. Anwarul Haque as Chairman of Executive Committee of the Board of Directors of Mercantile Bank Limited recently. All are eminent businessmen and sponsor directors of the Bank, said a press release.
Newly elected Vice-Chairman Md. Abdul Hannan is eminent export and readymade garment businessman and Chairman of Debstar Associates Ltd and Murad Apparels Ltd.
Besides another elected Vice-Chairman ASM Feroz Alam is leading industrialist and Managing Director of Bengal Trading Ltd (Tokyo). He is also a Sponsor of Premier Leasing & Finance Limited and Founder of 'Saheda Gafur Ibrahim General Hospital' in Patuakhali.

News:new nation/25-jul-2017

Mohammed Shams-Ul Islam, Managing Director of Agrani Bank Limited presiding over its 'Zonal Head and Branch Managers’ Conference' of Rajshahi Circle office at its training institute at Uposhohor recently. Md. Akram Hossen, Circle GM and Md. Towfiqul Islam

Posted by BankInfo on Tue, Jul 25 2017 09:02 am

Mohammed Shams-Ul Islam, Managing Director of Agrani Bank Limited presiding over its \'Zonal Head and Branch Managers’ Conference\' of Rajshahi Circle office at its training institute at Uposhohor recently. Md. Akram Hossen, Circle GM and Md. Towfi

News:new nation/25-jul-2017

Banks susceptible to cyber threats: analysts

Posted by BankInfo on Mon, Jul 24 2017 10:27 am

Bangladesh's banks remain vulnerable to cyber threats as hackers continue to target financial institutions exploiting modern technology, analysts said yesterday.

Hackers attack computers worldwide every 39 seconds, according to Rubaiyyaat Aakbar, an IT expert.

“Banks and financial institutions are the prime targets of hackers and Bangladesh is not immune from this threat,” he said.

Aakbar made the comments at a workshop styled 'Cyber threat readiness for bankers' jointly organised by the Bangladesh Institute of Bank Management (BIBM) and Trans IT Solution, a local information technology firm, at the BIBM headquarters in Dhaka.

Ransomware alone caused financial losses to the tune of $1 billion last year, he said quoting a report published by Cybersecurity Ventures, the world's leading researcher and publisher covering the global cyber economy.

Damages would be far higher in the days to come due to malware, which infects computers and restricts their access to files and often threatens permanent data destruction unless a ransom is paid, Aakbar said.

“So, banks must take robust preparations now to face the emerging challenge. Otherwise, depositors' money will be at stake.”

Fazle Kabir, governor of Bangladesh Bank, said: “Cybersecurity has become a concern worldwide.” He said the central bank has taken a number of steps including appointing a chief IT officer and formulating a cybersecurity guideline.

“Banks have to be aware and take necessary measures to face this emerging challenge,” he added.

Bankers have to have the knowledge on cybersecurity, said Anis A Khan, managing director of Mutual Trust Bank and chairman of the Association of Bankers Bangladesh.

A big attack can severely hamper Bangladesh's banking services, said Abul Kashem Md Shirin, managing director of Dutch-Bangla Bank.

“We have to improve the security of our data centre,” he added.

Toufi¬c Ahmad Choudhury, director-general of the BIBM, Shah Md Ahsan Habib, a director of the institute, and Amirul I Chowdhury, CEO of Trans IT Solution, also spoke.

News:Daily Star/24-jul-2017
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