Central bank website down raises questions?


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Central bank website down raises questions?


Bangladesh Bank website, an interactive site, which is linked with many regulators across the world, has been down since last 12 hours.
The bank spokesperson claims the incident as technical glitch but experts criticize the incidence raising question about cyber security.
The site – www.bb.org.bd– went missing from the World Wide Web from around 3.30 pm today (Wednesday) due to some technical glitches, Sirajul Islam, Executive Director and spokesman of Bangladesh Bank told Business Mirror.
He said there was a problem in the server that hosts BB official website.
“The bank officials are working to address the glitch since it had gone down. The website could not be active until 12 am Thursday when the report was being published,” Another IT official of BB said.
He claims that the dysfunction is complicated and takes time to restore. “We do not know when the works on the server could be completed.”
A server may go down due to some hardware failure or other problems, the official pointed out.
“The problem is ours and we shall solve it immediately. So far we guess it had no external link,” Sirajul Islam said.
In 2016, for the first time in the country’s history, some cyber frauds stole $101 million from the BB’s forex account from the New York Fed, by accessing its network.
The BB sued Manila-based Rizal Commercial Banking Corporation (RCBC) this February to recover the heist funds.
The main purposes of Bangladesh Bank are monetary policy functions, bankers’ bank, banker of the government and regulators as well as supervisor of the commercial banks.



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