By: Daxim L. Lucas

Smarting from last February’s $81-million computer heist in its central bank, the Bangladeshi government has ramped up efforts to boost its security capabilities, which includes learning about best practices from the Philippine private sector.
Ranking Cabinet officials from the People’s Republic of Bangladesh recently visited the country to learn about the ins and outs of the business process outsourcing (BPO) and information and communications technology (ICT) industries, especially on issues involving cybersecurity. Their top concern was the need for clear strategic directions on cybersecurity initiatives.
The visit was organized by the Asian Institute of Journalism and Communication (AIJC) in collaboration with Management and Training International (MTI) Limited in Bangladesh. It included workshops and visits to private, government and academic institutions like the ICT Office of the Department of Science and Technology (DOST), the IT and Business Process Association of the Philippines (IBPAP), KLab Cyscorpions Inc., Asia Pacific College, Mapua Institute of Technology (MIT) and Now Corp.

During his lecture on this topic, Mel Velasco Velarde, CEO of Now Corp. and AIJC, discussed specific cases of security breaches experienced by big multinational firms such as Facebook, Wall Street Journal, Ubiquity, Barracuda, LinkedIn, Harmony and others including government-induced errors in cybersecurity.
Velarde emphasized the need for organizations to meet the 20-point “reasonable security” requirements prescribed by top global private and governmental cybersecurity agencies.
“Now Corp. has the capability of complying with these [security requirements] for our customers through our cloaking devices, real-time diagnostics and monitoring tools, counter-attack tools, cyber manpower and other technologies that help prevent hacking, malware, physical breaches or self-inflicted errors—the costs of negligence and non-compliance could run in the billions of pesos,” Velarde said.
He warned the security breach that happened to Bangladesh and elsewhere could happen again if these “critical security controls” were not complied with.
Now Corp. and AIJC committed to help the Bangladeshi government in their areas of expertise such as BPOs, knowledge economics, ICT and cybersecurity.
Velarde also pointed out how Now Corp.’s clients, mostly blue chip companies in the Philippines, were able to successfully implement the firm’s highly secure collaboration software and services, helping to ensure business success.
Velarde expressed willingness to partner with officials from various ministries as they develop and implement a strategic roadmap toward ICT and BPO development in Bangladesh.

Source: http://business.inquirer.net/211881/bangladesh-gets-antihacking-tips-from-ph-experts

MANILA, Philippines — High-ranking cabinet officials from the People’s Republic of Bangladesh recently visited the Philippines to learn about business process outsourcing (BPO) and information and communications technology (ICT) including cybersecurity.Managed by the Asian Institute of Journalism and Communication (AIJC) in collaboration with Management and Training International (MTI) Limited in Bangladesh, the study tour and workshop included visits to private, government, and academic institutions—the ICT Office of the Department of Science and Technology (DOST), the IT and Business Process Association of the Philippines (IBPAP), KLab Cyscorpions Inc., Asia Pacific College, Mapua Institute of Technology (MIT), and NOW Corporation.

Of grave concern among the Bangladeshi officials is the need for clear strategic directions on cybersecurity initiatives. During his lecture on this topic, Mel Velasco Velarde, CEO of NOW Corporation and AIJC, discussed specific cases of security breaches that happened with big multinational firms such as Facebook, Wall Street Journal, Ubiquity, Barracuda, LinkedIn, Harmony and others including government-induced errors in cybersecurity.

Mr. Velarde emphasized the need for organizations to meet the “Reasonable Security” requirement (known as the “20 Critical Security Controls” or CSCs) prescribed by top global private and governmental cybersecurity inter-agencies.

“NOW has the capability of complying with these 20 CSCs for our customers through our cloaking devices, real-time diagnostics and monitoring tools, counter-attack tools, cyber manpower and other technologies that help prevent hacking, malware, physical breaches or self-inflicted errors — the costs of negligence and non-compliance could run in the billions of pesos,” Velarde said.

He gave a stern warning that the security breach that happened to Bangladesh and elsewhere can happen again if these 20 Critical Security Controls are not complied with.

Both NOW Corporation and AIJC committed to help the government of Bangladesh on any area of expertise such as BPO, Knowledge Economics, ICT and cybersecurity.

Velarde also pointed out how NOW Corporation clients, mostly blue-chip companies in the Philippines, have successfully implemented their highly secure collaboration software and services that help ensure business success. Velarde expressed willingness to partner with the officials from various ministries as they develop and implement a strategic roadmap towards ICT and BPO development in Bangladesh.

On July 27, another forum entitled “Eighty-One Million Dollar Heist and Security Implications in the International Financial Sector” will be held in Manila, organized by the Embassy of Bangladesh in the Philippines. Velarde will also talk about Cybersecurity during the forum.

Source : http://www.interaksyon.com/infotech/ph-company-to-help-bangladesh-govt-on-cybersecurity