Monday, 27 September, 2021

Modhumoti Bank inks deal with Backdoor Pvt for securing network

  • Staff Correspondent
  • 17 August, 2021 12:00 AM
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Modhumoti Bank inks deal with Backdoor Pvt for securing network
Modhumoti Bank Managing Director and CEO Md Shafiul Azam and Backdoor Private Managing Director Tanvir Hassan Zoha exchange documents after signing a deal at the bank’s head office at Gulshan in the capital on Monday.

Modhumoti Bank and Backdoor Private Limited signed an agreement on Monday for securing the bank’s network infrastructure.

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

Under the agreement, Backdoor, a digital security firm, 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 Center (SOC) at every bank. The instruction came after the heist of $81 million from the central bank in 2016.

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

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.

 “Banking systems need to be protected from the ever-increasing known and unknown threats. None can afford leaving the system unprotected simply because of not having technology like SOC or shortage of experienced analysts,” said Zoha after the deal signing.

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