BB asks banks, NBFIs to discontinue relationship with CTO Forum | The Daily Star
09:21 PM, March 03, 2021 / LAST MODIFIED: 09:24 PM, March 03, 2021

BB asks banks, NBFIs to discontinue relationship with CTO Forum

The central bank has asked banks and NBFIs to discard their relationship with the CTO Forum Bangladesh as the latter's president disseminated false information on the capability of lenders in tackling cyberattack.

The Bangladesh Bank issued a letter on March 1 to all banks and non-bank financial institutions (NBFIs) to this end, asking them to inform it within March 11 after implementing the instructions.

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The instruction was given as per suggestions of the ICT Division and the BGD e-government CIRT, according to the letter.

Tapan Kanti Sarkar, president of the CTO Forum Bangladesh, delivered false information while delivering his speech at a talk-show organised by a private TV channel last year.

The CTO Forum Bangladesh is an organisation of current and former chief technology officers, chief information officers, head of technology and head of IT or equivalent position of any ICT user organisation in Bangladesh.

Concerned officials of banks and NBFIs will have to discard their relationship with the organisation.

In addition, banks and NBFIs will have to provide the name of the officials to the central bank ensuring that they (officials) severe the membership with the organization.

Contacted, Sarkar said that he had just echoed the comments given by the BGD e-government CIRT.

Bangladesh Government's Computer Incident Response Team (BGD e-GOV CIRT) is acting as the National CIRT of Bangladesh (N-CIRT) currently with responsibilities including receiving, reviewing, and responding to computer security incidents and activities.

"The BGD e-government CIRT said that five Bangladeshi banks had faced cyberattack. But the organization successfully resisted the attack. And I just delivered the information at the talk-show," Sarkar said.

"The moderator of the talk-show also asked me whether the Bangladeshi banks are capable of tackling the cyberattack. In reply to the question, I said banks in Bangladesh did not have adequate skill to prevent the attack. For this reason, the BGD e-government CIRT was forced to resist the cyberattack," he said.

 

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