How ORCWIZ Can Protect Bangladesh’s Banking Industry from Cyber Threats

The Growing Cybersecurity Challenges for Banks in Bangladesh

Bangladesh’s banking sector is experiencing rapid digital transformation, with the adoption of online banking, mobile financial services (MFS), and digital payment platforms. However, this progress comes with increased cyber risks, including fraud, phishing attacks, ransomware, and data breaches. High-profile cyber incidents, such as the Bangladesh Bank heist, underscore the urgent need for robust cybersecurity measures across the financial sector.

Why Cybersecurity is Crucial for Bangladeshi Banks?

• Protection Against Financial Fraud – Banks handle vast amounts of sensitive financial data, making them prime targets for cybercriminals.

• Compliance with Regulatory Requirements – The Bangladesh Bank ICT Security Guidelines, SWIFT CSP (Customer Security Programme), PCI DSS, and ISO 27001 demand strict adherence to security controls.

• Trust and Reputation Management – A single security breach can result in a massive loss of customer confidence and regulatory penalties.

• Ensuring Business Continuity – Cyberattacks can lead to operational downtime, disrupting financial transactions and services.

How ORCWIZ Can Help Secure Bangladeshi Banks

As a leading cybersecurity consulting firm, ORCWIZ specializes in providing comprehensive cybersecurity solutions for financial institutions. We offer end-to-end security assessments, compliance audits, and risk management frameworks tailored to the needs of Bangladeshi banks.

Key Cyber Audits Recommended for Bangladeshi Banks

• Risk-Based Cybersecurity Audit – Identifies vulnerabilities in the bank’s IT infrastructure and provides mitigation strategies.

• SWIFT CSP Compliance Audit – Ensures banks comply with SWIFT’s Customer Security Controls Framework to prevent financial fraud.

• ISO 27001 Certification Audit – Helps banks implement an Information Security Management System (ISMS) for robust data protection.

• PCI DSS Compliance Audit – Essential for banks handling credit card transactions, ensuring secure payment processing.

• Digital Banking and Mobile Security Audit – Evaluates the security posture of mobile banking applications, internet banking, and fintech integrations.

• Vulnerability Assessment and Penetration Testing (VAPT) – Detects and mitigates weaknesses in web applications, networks, and critical banking systems.

• Incident Response Readiness Assessment – Helps banks develop and test cyber incident response plans for effective threat mitigation.

• Cloud Security and Data Privacy Audit – Ensures compliance with data protection regulations and secures cloud-hosted banking applications.

• Core Banking System Security Audit – Assesses the security of CBS platforms, protecting transaction records and sensitive customer data.

• Regulatory Compliance Assessment – Ensures adherence to Bangladesh Bank guidelines, Cyber Security Act 2023, and international banking security standards.

ORCWIZ’s Cybersecurity Framework for Banks

🔹 Proactive Threat Intelligence – Continuous monitoring to detect and neutralize threats before they impact operations. 🔹 Security Awareness Training – Educating bank employees on phishing, social engineering, and security best practices. 🔹 Advanced Endpoint & Network Protection – Implementing firewalls, SIEM solutions, and real-time monitoring for cyber threat detection. 🔹 Secure Digital Payment Ecosystem – Enhancing security in UPI, card payments, internet banking, and mobile transactions. 🔹 Zero Trust Security Model – Ensuring strict identity verification, role-based access control, and encryption.

Final Thoughts

Bangladesh’s banking sector is a prime target for cyber threats, and cybersecurity is no longer optional—it is a necessity. ORCWIZ offers specialized cybersecurity solutions that help banks stay ahead of threats, ensure compliance, and protect financial assets. By partnering with ORCWIZ, Bangladeshi banks can achieve a resilient and secure digital banking ecosystem, ensuring customer trust, operational continuity, and regulatory compliance.