This is an academic blog site of Mohammad Anisur Rahman. This site will be helpful for the future innovative leaders in meeting their thirst for the knowledge on different disciplines especially innovations. Contact Address: e-mail: anisur@univdhaka.edu phone: +8801757552178
There is a common word in banking industry-In the bank nothing will be completed without adjustment of contra. It is also true for fraud case related with bank. With each fraud there have to at least one person involve from bank side.Though internet banking fraud seems one sided attempt but banker are also involved here by clicking unwanted link,mail,adds from there in house computer and giving access the hacker unconsciously or consciously!
It is not sufficient to rely on the banks authentication procedures to secure online transactions. Many exploits make use of a simple keystroke logger and remote access to allow a direct connection to a computer that is already ’trusted’ on the bank’s website. Other exploits allow users to piggyback onto a user’s secure connection and remain connected after logs off. The need for increased security protocols exists not only with the bank or the business; it lies at the consumer level as well. Md.Abdullah Al Mahmud [ID:201203096]
Following will help us from Hacking of Internet Banking: •Keep up with patches and maintain the latest updates for your antivirus software. •Install an inclusive firewall program that can pinpoint unauthorized programs attempting to transmit data over the Internet. •Check business balance on a daily basis and use the ’bank by phone’ option. •Change online banking passwords several times throughout the year. Login should mix of numbers and letters, capitals and lower case. Md.Abdullah Al Mahmud [ID: 201203096]
Development of Science and ICT depends on the expansion of telecommunication sector. This sector is still under developed due to lack of deregulation and open competition. The impact of cyber crime is not alarming Bangladesh because financial transactions have not yet been fully facilitated in online. As soon as financial transactions are allowed online computer crimes will increase at an unprecedented rate unless the Government acquires the tools and infrastructure to prevent, detect and prosecute them. But our government still not aware of the fact . Internet services provided through the local area network are vulnerable to similar attacks and intrusions by hackers more often when the security level is inadequate. Now a day in Bangladesh some people send malicious mail to different foreign diplomatic Mission and other VIPs which sometimes cause serious problem for the police and also for the government.But In spite of this the Government of Bangladesh is not alert. There are two sides of a coin. Similarly internet also has advantages and disadvantages. Internet can be used as a mass destructive weapon. By using internet terrorist can destroy one country. Bangladesh is planning stringent measures to fight cyber crime amid the rapid expansion of the information and communications technology and telecommunications networks in the South Asian country. Bangladesh’s ICT industry has been expanding exponentially and is making its presence strongly felt both in the public and private sectors. More than five million personal computers are now in use in the country with three million internet users, by industry estimates. Hasan Ahmed Towhid [IBA Student ID: 201203095]
Hacking in bank is increasing day by day in Bangladesh.People are becoming more worried regarding their credit card account. They are not feeling safety with the online banking system. To preserve the client privacy the bank should do the necessary whatever needed. Md. Jahangir Alam Id: 201203035
Hacking in banking sector is very common picture in Bangladesh now.Hacker use close circuit camera in ATM booth,when a customer use his debit or credit card hacker knows everything about his card.Hacker easily use this information and hacked his account.Banks should take steps to preserve customer's deposit .For this Bank's should appoint more knowledgeable security person for ATM booth.
As banks and banking activities are increasing in Bangladesh, security is becoming a primary issue. Bank robbers are focusing in this emerging sector and updating their strategies in a new technology based approach. As a result general people who are highly dependent on banking activities are in great risk. On the other hand their public profiles like LinkedIn, Facebook are becoming a point of sharing information which is often used by the hackers and robbers to break the security of their bank accounts. Information is the key to the hackers, so it should be our primary concern to keep our information private to keep our bank accounts safe from the technology based bank robbers!
Mikhael Novo Biswas ID: 201203049 Weekend-MBA, IBA-JU
Information technology and information security are different disciplines. Both functions are necessary, but expecting IT to fulfill the duties required for information security is ill advised. An ISO should report at least quarterly to management to maintain visibility and momentum as the security program evolves.Paper and electronic data can by managed through system policies, security measures, and audits.As a result, it’s important to grant access only to necessary data; and to be deliberate about how it’s used and shared.Security doesn’t have to be cumbersome, complicated or expensive. These small steps can go a long way toward shoring up your defenses against cyber threats.
Dealing with paper bank statements and mailing payments is too much of a hassle for today’s tech-savvy consumers. These days everything is available with just a couple of clicks of the mouse, and banking is no exception. But this convenient service became a matter of great pain for both the bank management as well as the customers. Hackers or bank robbers are across the world trying to robe from other’s account. Both the party is in vulnerable situation. They are always in risk of incurring financial loss. But these things cannot be controlled by setting laws and acts. Because criminals never obey law and violating law is their nature. And these IT expert robbers are brilliant can crack the banks security barriers. So, to protect these robbers and to keep bank’s and clients account’s safe bank should always update their system. On the other hand, Hackers crack password on assumption based. They find out different clues about the passwords from person’s different social media activities. So, people should also be careful in media activities.
CYBER CRIME IS INCREASING DAY BY DAY. NOW A DAYS MOST OF THE CASES WE OBSERVED THAT HACKER HACKED PASSWORD OF THE FINANCIAL INSTITUTION SPECIALLY BANK & OTHER FINANCIAL ORGANIZATION.IN THIS CONNECTION WE HAVE TO ENRICH OUR SOFTWEAR,ON LINE MONITORING SYSTEM,CREATE ICT EXPERT MANPOWER.WE ALSO AMENDMENT ICT ACT 2006 CHAPTER-8 PART-1 ARTICLE-54 SUB-ARTICLE-1.IN THIS ARTICLE MENTIONING THE CYBER CRIME PUNISHMENT CRITERIA 10 YEARS JAIL OR 10 LAC TAKA FINE.IN RECENT TIME ALL THE BANKING SECTOR IS GOING TO ON LINE TRANSACTION SYSTEM SO WE SHOULD AWARE AND KNOW AND HAVE TO VAST KNOWLEDGE NOT ONLY THAT ALL THE FINANCIAL AUTHORITY SHOULD TAKE REALISTIC ACTION WHO ARE INVOLVE OR GOING TO INVOLVE ON LINE TRANSACTION.PASSWORD SHOULD CHANGE IN DAILY BASIS OR USING UPGRADE SOFTWARE. MD.MAHFUZ-AL-MASUD ID#201301038 WMBA(IBA)
To stop cyber bank robbery the main measures has to be taken by bank. To check this they need to work with their system security. They have to sort out week area in their system. We get afraid when bank officials involvement found with the cyber criminal. But if the system is flawless, no one will dare to take the chance. Our central bank can form a separate team who will be responsible for routine follow up of all banks system security. If any problem noticed in the system for a certain period that bank has to stop all transactions immediately. Public has to be aware about bank security system and all banks security rating. Generally no one like to deposit their money in a unsecured bank. So it will put extra pressure to all banks developing their system's security.
A few years back Bank Robbery through information technology was very common term in many developed countries . But in Bangladesh it was not alarming but now a days technology experts are involving in various crimes like bank robbery not physically but using technology. That means they are hacking general people's account. It is very much difficult for the bank to manage the security of their system. As a result general peoples are suffering & bank as well. Just because of these bank reputation are also decreasing. Peoples are now thinking before depositing their money & using debit or credit cards. So necessary steps should be taken against those robbers as early as possible.
Though technology gives pace in our daily life but sometimes it can be a threat and bank robbery is now online is an example. The people who are involved to hack the system are so intelligent and do the whole work in a systematic way. Bank robbery is an old term and that was happened physically but time has changed. The new form of cyber bank robbery is done by the use of technology. People feel more insecure their deposit today and this causes lack of trust on banking sector. The hacker hacked the bank account by the use of different types of software that is collected from black market and also uses the account information. It is now a hard nut to crack to secure the bank account from the hacker for the security group. Banks should take the necessary steps to update their security system time to time and also the godfather of this crime should be punished for doing this.
In the place of guns and masks, this cyber crime organization used laptops and the Internet.Cyber thieves take far fewer risks to life, liberty and limb than do real-life bank robbers. In addition, while traditional bank robbers are limited to the amount of money they can physically carry from the scene of the crime, cyber thieves have a seemingly limitless supply of accomplices to help them haul the money. In the initial stage, sophisticated hackers allegedly infiltrated credit card processors' computer networks, looking into databases of prepaid debit cards. Members of the crime ring take these cards to ATM's and make many withdraws. It provides a threatening situation for bank simultaneously the card holder & depositor. So the IT System of a bank must be follow proactive strategy in making a strong & complex security.
It is very usual.Robbery & bank robbery is very traditional.Just time & technology is changed.and so the system of robbery is also changed.This is only the bad effect of technology.
Bank robbery is a very common phenomena all over of the world .At the earlier period robber's used Arms like gun but now a days blessing of modern science they are used special program to break down the networking security code . SO where we deposit our money ? Under the pillow or under the Earth or any where else? Banks authority should be more meticulous regarding their customers personal information such as PIN number account number etc as well as customer also carefully handle their banks documents .
This is very informative article. Bank robbery is increased day by day. To prevent this cyber-crime we need proper technological development & knowledgeable person.
In Bangladesh telecommunication sector is a growing sector. Foreign investors are very much interested in this sector. Development of ICT depends on the expansion of telecommunication sector. Internet is available now. At present in Bangladesh some people are creating serious problem for the police and the government by using internet, email, social websites etc. Using internet terrorists can destroy one country’s banking sector, security system etc.
Md. Abu Nahee Ibna Zahid ID: 201103033 Weekend-MBA, IBA-JU
There is a common word in banking industry-In the bank nothing will be completed without adjustment of contra. It is also true for fraud case related with bank. With each fraud there have to at least one person involve from bank side.Though internet banking fraud seems one sided attempt but banker are also involved here by clicking unwanted link,mail,adds from there in house computer and giving access the hacker unconsciously or consciously!
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIt is not sufficient to rely on the banks authentication procedures to secure online transactions. Many exploits make use of a simple keystroke logger and remote access to allow a direct connection to a computer that is already ’trusted’ on the bank’s website. Other exploits allow users to piggyback onto a user’s secure connection and remain connected after logs off. The need for increased security protocols exists not only with the bank or the business; it lies at the consumer level as well.
ReplyDeleteMd.Abdullah Al Mahmud [ID:201203096]
Following will help us from Hacking of Internet Banking:
ReplyDelete•Keep up with patches and maintain the latest updates for your antivirus software.
•Install an inclusive firewall program that can pinpoint unauthorized programs attempting to transmit data over the Internet.
•Check business balance on a daily basis and use the ’bank by phone’ option.
•Change online banking passwords several times throughout the year. Login should mix of numbers and letters, capitals and lower case.
Md.Abdullah Al Mahmud [ID: 201203096]
Development of Science and ICT depends on the expansion of telecommunication sector. This sector is still under developed due to lack of deregulation and open competition. The impact of cyber crime is not alarming Bangladesh because financial transactions have not yet been fully facilitated in online. As soon as financial transactions are allowed online computer crimes will increase at an unprecedented rate unless the Government acquires the tools and infrastructure to prevent, detect and prosecute them. But our government still not aware of the fact . Internet services provided through the local area network are vulnerable to similar attacks and intrusions by hackers more often when the security level is inadequate. Now a day in Bangladesh some people send malicious mail to different foreign diplomatic Mission and other VIPs which sometimes cause serious problem for the police and also for the government.But In spite of this the Government of Bangladesh is not alert. There are two sides of a coin. Similarly internet also has advantages and disadvantages. Internet can be used as a mass destructive weapon. By using internet terrorist can destroy one country.
ReplyDeleteBangladesh is planning stringent measures to fight cyber crime amid the rapid expansion of the information and communications technology and telecommunications networks in the South Asian country. Bangladesh’s ICT industry has been expanding exponentially and is making its presence strongly felt both in the public and private sectors. More than five million personal computers are now in use in the country with three million internet users, by industry estimates.
Hasan Ahmed Towhid [IBA Student ID: 201203095]
Hacking in bank is increasing day by day in Bangladesh.People are becoming more worried regarding their credit card account. They are not feeling safety with the online banking system. To preserve the client privacy the bank should do the necessary whatever needed.
ReplyDeleteMd. Jahangir Alam
Id: 201203035
Hacking in banking sector is very common picture in Bangladesh now.Hacker use close circuit camera in ATM booth,when a customer use his debit or credit card hacker knows everything about his card.Hacker easily use this information and hacked his account.Banks should take steps to preserve customer's deposit .For this Bank's should appoint more knowledgeable security person for ATM booth.
ReplyDeleteMd.Nazmul Hasan
Id: 201203001
WMBA-JU
As banks and banking activities are increasing in Bangladesh, security is becoming a primary issue. Bank robbers are focusing in this emerging sector and updating their strategies in a new technology based approach. As a result general people who are highly dependent on banking activities are in great risk. On the other hand their public profiles like LinkedIn, Facebook are becoming a point of sharing information which is often used by the hackers and robbers to break the security of their bank accounts. Information is the key to the hackers, so it should be our primary concern to keep our information private to keep our bank accounts safe from the technology based bank robbers!
ReplyDeleteMikhael Novo Biswas
ID: 201203049
Weekend-MBA, IBA-JU
Information technology and information security are different disciplines. Both functions are necessary, but expecting IT to fulfill the duties required for information security is ill advised. An ISO should report at least quarterly to management to maintain visibility and momentum as the security program evolves.Paper and electronic data can by managed through system policies, security measures, and audits.As a result, it’s important to grant access only to necessary data; and to be deliberate about how it’s used and shared.Security doesn’t have to be cumbersome, complicated or expensive. These small steps can go a long way toward shoring up your defenses against cyber threats.
ReplyDeleteMd. Ashraful hossain
ID:201301043
Security in banking sector is a great threat now a days. If privacy or security measures are not properly maintained,then threats will remain .
ReplyDeleteA K M Golam Mustafa
ID: 201203032
WMBA-IBA-JU
Dealing with paper bank statements and mailing payments is too much of a hassle for today’s tech-savvy consumers. These days everything is available with just a couple of clicks of the mouse, and banking is no exception. But this convenient service became a matter of great pain for both the bank management as well as the customers. Hackers or bank robbers are across the world trying to robe from other’s account. Both the party is in vulnerable situation. They are always in risk of incurring financial loss. But these things cannot be controlled by setting laws and acts. Because criminals never obey law and violating law is their nature. And these IT expert robbers are brilliant can crack the banks security barriers. So, to protect these robbers and to keep bank’s and clients account’s safe bank should always update their system. On the other hand, Hackers crack password on assumption based. They find out different clues about the passwords from person’s different social media activities. So, people should also be careful in media activities.
ReplyDeleteMohammad Helal Uddin
WMBA_IBA-JU
ID 201303081
CYBER CRIME IS INCREASING DAY BY DAY. NOW A DAYS MOST OF THE CASES WE OBSERVED THAT HACKER HACKED PASSWORD OF THE FINANCIAL INSTITUTION SPECIALLY BANK & OTHER FINANCIAL ORGANIZATION.IN THIS CONNECTION WE HAVE TO ENRICH OUR SOFTWEAR,ON LINE MONITORING SYSTEM,CREATE ICT EXPERT MANPOWER.WE ALSO AMENDMENT ICT ACT 2006 CHAPTER-8 PART-1 ARTICLE-54 SUB-ARTICLE-1.IN THIS ARTICLE MENTIONING THE CYBER CRIME PUNISHMENT CRITERIA 10 YEARS JAIL OR 10 LAC TAKA FINE.IN RECENT TIME ALL THE BANKING SECTOR IS GOING TO ON LINE TRANSACTION SYSTEM SO WE SHOULD AWARE AND KNOW AND HAVE TO VAST KNOWLEDGE NOT ONLY THAT ALL THE FINANCIAL AUTHORITY SHOULD TAKE REALISTIC ACTION WHO ARE INVOLVE OR GOING TO INVOLVE ON LINE TRANSACTION.PASSWORD SHOULD CHANGE IN DAILY BASIS OR USING UPGRADE SOFTWARE.
ReplyDeleteMD.MAHFUZ-AL-MASUD
ID#201301038
WMBA(IBA)
To stop cyber bank robbery the main measures has to be taken by bank. To check this they need to work with their system security. They have to sort out week area in their system. We get afraid when bank officials involvement found with the cyber criminal. But if the system is flawless, no one will dare to take the chance. Our central bank can form a separate team who will be responsible for routine follow up of all banks system security. If any problem noticed in the system for a certain period that bank has to stop all transactions immediately. Public has to be aware about bank security system and all banks security rating. Generally no one like to deposit their money in a unsecured bank. So it will put extra pressure to all banks developing their system's security.
ReplyDeleteMohammad Fazlul Halim
201201100
A few years back Bank Robbery through information technology was very common term in many developed countries . But in Bangladesh it was not alarming but now a days technology experts are involving in various crimes like bank robbery not physically but using technology. That means they are hacking general people's account. It is very much difficult for the bank to manage the security of their system. As a result general peoples are suffering & bank as well. Just because of these bank reputation are also decreasing. Peoples are now thinking before depositing their money & using debit or credit cards. So necessary steps should be taken against those robbers as early as possible.
ReplyDeleteAshura Tahrimi
Iba-Ju
201202042
This comment has been removed by the author.
ReplyDeleteThough technology gives pace in our daily life but sometimes it can be a threat and bank robbery is now online is an example. The people who are involved to hack the system are so intelligent and do the whole work in a systematic way. Bank robbery is an old term and that was happened physically but time has changed. The new form of cyber bank robbery is done by the use of technology. People feel more insecure their deposit today and this causes lack of trust on banking sector. The hacker hacked the bank account by the use of different types of software that is collected from black market and also uses the account information. It is now a hard nut to crack to secure the bank account from the hacker for the security group. Banks should take the necessary steps to update their security system time to time and also the godfather of this crime should be punished for doing this.
ReplyDeleteAkram Hossain
IBA-JU
201203012
In the place of guns and masks, this cyber crime organization used laptops and the Internet.Cyber thieves take far fewer risks to life, liberty and limb than do real-life bank robbers. In addition, while traditional bank robbers are limited to the amount of money they can physically carry from the scene of the crime, cyber thieves have a seemingly limitless supply of accomplices to help them haul the money. In the initial stage, sophisticated hackers allegedly infiltrated credit card processors' computer networks, looking into databases of prepaid debit cards. Members of the crime ring take these cards to ATM's and make many withdraws. It provides a threatening situation for bank simultaneously the card holder & depositor. So the IT System of a bank must be follow proactive strategy in making a strong & complex security.
ReplyDeleteTanzia Afreen
Id-201301061
IBA-JU
It is very usual.Robbery & bank robbery is very traditional.Just time & technology is changed.and so the system of robbery is also changed.This is only the bad effect of technology.
ReplyDeleteMst.Nazma Parvin
WMBA,JU
ID # 201201047
This comment has been removed by the author.
ReplyDeleteBank robbery is a very common phenomena all over of the world .At the earlier period robber's used Arms like gun but now a days blessing of modern science they are used special program to break down the networking security code . SO where we deposit our money ? Under the pillow or under the Earth or any where else? Banks authority should be more meticulous regarding their customers personal information such as PIN number account number etc as well as customer also carefully handle their banks documents .
ReplyDeleteROSHEDUL ISLAM
WMBA, IBA-JU
ID-201203052
This is very informative article. Bank robbery is increased day by day. To prevent this cyber-crime we need proper technological development & knowledgeable person.
ReplyDeleteMd. Mizanour Rahman
ID-201203083
WMBA-JU.
This comment has been removed by the author.
ReplyDeleteIn Bangladesh telecommunication sector is a growing sector. Foreign investors are very much interested in this sector. Development of ICT depends on the expansion of telecommunication sector. Internet is available now. At present in Bangladesh some people are creating serious problem for the police and the government by using internet, email, social websites etc. Using internet terrorists can destroy one country’s banking sector, security system etc.
ReplyDeleteMd. Abu Nahee Ibna Zahid
ID: 201103033
Weekend-MBA, IBA-JU