Regulatory Alerts2016-03-03
Added · Updated
PSD Circular No. 02: To ensure appropriate Cyber Security Protection for Financial sector
The Payment Systems Department of Bangladesh Bank advises all scheduled banks operating in Bangladesh to implement specific cyber security measures, including establishing cyber security governance, conducting comprehensive risk assessments, and deploying 24/7 Security Operations Centers. The circular mandates the adoption of advanced authentication methods such as EMV certificates and one-time passwords, requires the collection and retention of logs for all perimeter and core devices for three months, and calls for staff training and public awareness campaigns. These preventive actions are to be implemented immediately to mitigate risks from organized cyber attacks targeting the digital financial infrastructure.
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