In response to the rising threat of cyber-attacks on the banking sector, Cosmos Group, in collaboration with global technology leader Thales, has hosted a seminar on cybersecurity at The Westin Dhaka.
The event, held on Monday, aimed to provide comprehensive guidelines and effective solutions to combat these challenges, reads a press release.
This seminar attracted several prominent professionals from the banking industry, think tanks, and distinguished guests, highlighting the critical importance of cybersecurity in the financial sector.
French Ambassador to Bangladesh Marie Masdupuy attended as the guest of honor, alongside Cosmos Foundation President Dr Iftekhar Ahmed Chowdhury, Cosmos Group founder and Managing Director Enayetullah Khan, Cosmos Group Vice President Nahar Khan, Cosmos Group Deputy Managing Director Masud Jamil Khan, and Director (Deputy Secretary) at the Prime Minister’s Office AKM Fazlur Rahman.
Cyber Security Practice Lead Asia at Thales James McLeary delivered a presentation titled “Cyber Threat Landscape & Considerations for the Banking Sector.”
Lead Solution Architect APAC Channels at Thales Prasun Srivastava presented virtually on “Solving Compliance – a Unified Platform Approach.”
Nahar Khan emphasised the seminar’s significance, saying, “As we convened here today, all of us recognize the critical importance of prioritizing the security of our digital infrastructure and cybersecurity as a core component of our banking operations.
“Bangladesh’s banking and finance sectors play a pivotal role in driving economic growth and empowering individuals and businesses alike. However, with the rapid digitisation of financial services, the sector is increasingly vulnerable to cyber threats.”
She added, “From sophisticated hacking attempts to insider fraud, the risks confronting our financial institutions are multifaceted and ever-evolving, and the seminar is not only about acknowledging these challenges but also about forging a path forward.”
“Today, I’m glad to speak on behalf of Cosmos Group, which began its journey in the early 1970s and has since played a pivotal role in shaping the development and landscape of Bangladesh. Engaging across a spectrum of industries including energy, media, mining, telecommunications, shipping and logistics, and infrastructure, Cosmos has consistently contributed to various phases of Bangladesh’s progress and development.”
She further said, “In the past, Cosmos Group and Thales have worked collaboratively on several projects, and I’m happy to share our continued partnership in cybersecurity.
“Thales is a global leader in advanced technology systems and contributes to 80 per cent of the world’s online transactions and securing the information systems of top global banks and internet giants, and I am very proud of our partnership.”
French Ambassador Marie Masdupuy noted the cooperative efforts between France and Bangladesh, stating, “During the visit of French President Emmanuel Macron to Bangladesh in September 2023, both countries agreed to work together on cybersecurity capacity.
“This aspect was also very much covered during Bangladesh’s State Minister for Posts, Telecommunications and Information Technology Zunaid Ahmed Palak’s recent visit to France last week as he could engage with the French cybersecurity agency, visit the cyber campus, and learn about other factors.”
Praising Thales’ expertise, she added, “France is ready to support Bangladesh with technical assistance, knowledge sharing, public awareness, and skill development to protect financial systems.
“Without robust cybersecurity, all progress can unravel rapidly. Cooperation in this area is vital.”
