Experts for IT training for fraud prevention in banking sector

DHAKA, Jan 28, 2017 (BSS) - IT experts and bankers today stressed the need for providing IT trainings for officials of both public and private banks for fraud prevention in the banking sector.

Strengthening cyber security in the banking sector is a must, especially with regular innovations happening in the ICT sector, they told BSS on the occasion of launching a three-day training course on "IT security and fraud prevention" here.

Thengamara Mohila Sabuj Sangha (TMSS), a non-government organization, is organizing the training course aiming to enhance IT efficiency of officials in the banking sector. Former Deputy Governor of Bangladesh Bank and Consultant of TMSS Md Abul Quasem inaugurated the training course.

A total of 16 officials of different commercials banks are taking part in the training course, a press release said.

Quasem said, "Entire banking sector in Bangladesh is now massively equipped by ICT to make banking services quick and smooth. But there are challenges in the banking sector in terms of security question."

"I hope that this training will help to increase IT efficiency for the officials of banking sector, which is urgent to ensure fraud prevention," he added.

IT experts told the news agency that almost all banks launched online services without taking proper precautions, and most of their IT systems are outsourced from private vendors. Lack of skilled manpower is a major problem in the banking sector, they added.

They observed fraud prevention is an increasingly important issue, particularly for organization with an online presence as cyber crime is big and getting bigger every day.

As for banking, it is going digital to reach customers instantly and giving real time service. Commercial banks and central bank including IMF system are facing cyber challenge, they said system must be alert to keep it safe and speedy.

Director of Information and Communication Technology (ICT) of TMSS Nigar Sultana said TMSS is providing IT training facilities for professionals of different private and state-owned banks and financial institutions under pilot programme since last one year to supplement the efforts of the government to check cyber crime as well as bring dynamism in the banking sector.

"A total of 150 officials of banking and financial organizations took part in the training. As cyber threat has emerged as a bigger challenge to the banking and financial sector, such training facilities are extremely important for IT security and fraud prevention," she added.

Source: Bangladesh Sangbad Sangstha (BSS)