Bank

A technical error in the server at Bangladesh Bank is causing issues with inter-bank transactions, resulting in the cancellation of all clearing checks set for Monday. On October 1, Husne Ara Shikha, Executive Director and Spokesperson of Bangladesh Bank, confirmed this information. There was a check clearing issue on Monday …

Cybersecurity researchers at ThreatFabric have identified a new and more dangerous variant of the Octo banking malware, called “Octo2.” This evolved version of ExobotCompact is already targeting European financial institutions, with attacks reported in Italy, Poland, Moldova, and Hungary. Octo2 features improved remote access and advanced anti-detection methods, making it …

In the changed reality, Bangladesh Bank employees demanded the resignation of the top officials of the bank, the interim government will decide. These persons were appointed on contractual basis by the recently resigned government. As a result, any new government will have to decide about them. Apart from this, Bangladesh …

Cleafy found a harmful software called BingoMod that targets Android devices. The malware tries to get into bank accounts on the device and steal money, then it erases the device’s activity. Cleafy says that BingoMod is a type of remote access Trojan (RAT). Attackers can use it to control devices …

An executive from National Australia Bank reveals that the four major banks in the country face continuous attacks, as threat actors launch numerous attacks every minute, around the clock. According to Chris Sheehan, National Australia Bank’s executive for group investigations, all banks are constantly being targeted by attacks. The purpose …

Kori Digital Bank’s Chairman Habibullah N Karim said, the bank will start its operation in October; it’s all preparatory work is going in full swing, we hope soon will get final license. He said, after getting LOI, we were working tirelessly to start the banking operation within the time span …

  Bangladesh Bank has published the “Guidelines on Licensing, Operation, and Regulation of Credit Bureau”. This policy is being created to comply with Article 82 of the Bangladesh Bank Order, 1972. It aims to incorporate modern technologies such as Artificial Intelligence and Machine Learning in credit risk assessment. This will …

Cybercriminals are using Telegram to advertise a new phishing kit called ‘V3B’. This kit is currently aimed at customers of 54 big financial institutions in Ireland, the Netherlands, Finland, Austria, Germany, France, Belgium, Greece, Luxembourg, and Italy.   The phishing kit costs between $130 and $450 per month. It includes …

Digital banking has played a pivotal role in expanding financial access for millions in Bangladesh, showcasing technology’s capacity to uplift lives and create opportunities. The nation’s high mobile penetration rate and the widespread adoption of Mobile Financial Services (MFS) like bKash and Nagad have empowered millions, especially in rural areas, …

The banking industry in Bangladesh is the core driver in economic development of the country. The focus on inclusion and the aim for sustainability have advanced the industry to grow with a faster pace and in a well- structured manner. The industry has undergone many changes on providing the services …