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Dhaka Tribune

Modhumoti Bank inks deal with Backdoor for network security

Backdoor will monitor the bank’s network 24/7 and detect all types of threats and recommend necessary measures

Update : 16 Aug 2021, 06:46 PM

Modhumoti Bank and Backdoor Private Ltd signed a deal on Monday for securing the bank’s network and prevent potential threats and attempts of hacking.

Managing Director and CEO of Modhumoti Bank Md Shafiul Azam and Managing Director of Backdoor Private Ltd Tanvir Hassan Zoha penned the deal on behalf of their companies at the bank’s head office at Gulshan in the capital.

Under the agreement, digital security firm Backdoor, will monitor the bank’s network 24/7 and detect all types of threats and recommend necessary measures in a bid to prevent potential threats or hacking.

Modhumoti Bank signed the deal as per instruction of the Bangladesh Bank to establish a Security Operation Centre (SOC) at every bank.

The instruction came after the heist of $81 million from the central bank in 2016 and many other incidents of cyber attacks and hackings in Bangladesh.

However, most banks are reluctant to establish SOC leaving its network and transaction at risk.

Backdoor has powerful Threat Intelligence, advanced SIEM and SOAR (Security Information & Event Management) and SOAR (Security Orchestration & Automation), combined of which is called SOC and a bank can avoid all kinds of digital hazards if it has the SOC.

“Modhumoti bank is now one-step forward in terms of protecting its networks and digital transactions,” said Zoha, after signing of the deal.

The bank will now know who are trying to compromise its system, what kind of attempts are coming up from which destinations, which are the real security alerts and how they are being dealt with by Backdoor’s dynamic security analysts.

Board of Director of Modhumoti Bank A Mannan Khan, Sponsor Director Rafiur Rahman Khan, DMD Shahnawaj Chowdhury and Backdoor’s Business Development Director Nurfath Mahbuba Riha were present at the signing ceremony.

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