Cyber Security Awareness: A Guide for Everyone (Episode1)

Understanding Cyber Security Awareness in Bangladesh

Cybersecurity is a crucial aspect of our modern digital world. The growing use of technology and the internet has heightened the risk of cyber-attacks for individuals, businesses, and governments. Cyber security is designed to protect against unauthorized access, theft, or damage to digital information and devices. In this episode, we will find out why Cyber Security Awareness in Bangladesh is important.

Table of contents:

Types of cyber-attacks, commonly happen on your devices:

Malware: Malicious software, such as viruses and Trojans, that can damage or steal information from a computer or network. Example: A person receives an email that appears to be from their bank, asking them to click on a link to update their account information. Clicking the link downloads a virus that infects the computer and steals sensitive information.

Ransomware: A type of malware that encrypts a victim’s files and demands payment in exchange for the decryption key. Example: A business falls victim to a ransomware attack, which results in the encryption of all its sensitive files. The attacker demands payment in exchange for the decryption key, forcing businesses to decide on paying or losing data access.

DDoS (Distributed Denial of Service) Attacks: A type of cyber attack that involves overwhelming a website or network with traffic, making it inaccessible to users. Example: A DDoS attack targeted a political organization, overwhelming its website with traffic and rendering it inaccessible to visitors. The attack is meant to disrupt the organization’s operations and prevent it from communicating its message to the public.

“Cyber security is the protection of internet-connected systems, including hardware, software, and data, from attack, damage, or unauthorized access.”

– National Institute of Standards and Technology (NIST)

Cyber attack happening through email:

Phishing: A type of social engineering attack that uses fake emails or websites to trick individuals into revealing sensitive information, such as passwords and credit card numbers. Example: An individual receives an email that appears to be from a trusted source, such as a bank or online retailer. The email asks the recipient to click on a link and enter their personal information, such as login credentials or credit card numbers. The attacker then uses this information for fraudulent purposes.

Email Spoofing: A type of cyber attack where a hacker alters the “From” field in an email to make it appear as though it’s from a trusted source. Example: An individual receives an email that appears to be from their employer, asking them to transfer money to a specified bank account. The email appears to be from the employer, but it is actually from a hacker who altered the “From” field. The individual transfers the money, and the hacker gains access to the funds.

Address Bar Spoofing: A hacker creates a fake website that looks legitimate, tricking users into entering sensitive information. Example: A person receives an email with a link to a website that appears to be their bank’s website. The link takes them to a fake website, which looks exactly like their bank’s website. The person enters their login credentials, not realizing that the website is fake. The attacker then uses the person’s login information to gain access to their bank account.

Cyber Security Awareness of Bangladesh, let’s learn from the mistakes:

The biggest cyber attack in history is widely considered to be the WannaCry ransomware attack that occurred in May 2017. The attack affected over 200,000 computers in more than 150 countries, including hospitals, banks, and government organizations. The attack used a vulnerability in Microsoft Windows to spread the ransomware quickly and widely. The attackers demanded payment in Bitcoin, causing billions in damages and emphasizing the need for cybersecurity measures. Keeping software updated and having backup plans are crucial to prevent cyber attacks like the Bangladesh Bank heist.

A ransomware attack caused the Colonial Pipeline Company to temporarily shut down a major US fuel pipeline in 2021. The attack caused widespread panic and resulted in fuel shortages and price hikes in several states.

The Bangladesh Bank was the victim of a cyber attack in 2016, resulting in the theft of $81 million. Attackers used malware and social engineering to transfer funds to fake accounts in the Philippines, bypassing security systems.

“The best defense against cyber attacks is education and awareness.”

Cybersecurity affects everyone and is not just a technical issue, but a business issue as well. The impact of a successful cyber attack can be devastating, resulting in lost revenue, damaged reputation, and even legal liabilities. Organizations must understand cyber security’s importance and take measures to protect themselves from cyber attacks of all sizes.

Some statistics we must know from the history:

According to a recent report by Cybersecurity Ventures, cybercrime is expected to cost the world $10.5 trillion annually by 2025.

The same report states that a ransomware attack occurs every 11 seconds, and the average cost of a ransomware attack is $133,000.

A study by NortonLifeLock found that in 2020, 40% of small businesses in the United States suffered a cyber attack.

In 2020, the World Health Organization (WHO) was targeted by a massive cyber attack that disrupted its work on the COVID-19 pandemic response.

Why we should consider cyber security awareness in Bangladesh seriously?

Understanding cyber security is crucial for anyone who uses technology and the internet, especially for growing Bangladesh. Individuals and organizations can protect themselves by being aware of cyber-attacks and the risks they pose and taking preventative measures.

Growing dependency on technology: Bangladesh is embracing technology and developing its economy across various industries, such as finance, healthcare, and education. This growth is making the country increasingly dependent on technology, making it more vulnerable to cyber threats.

The threat of cyber attacks: Bangladesh is not immune to cyber attacks, as evidenced by the 2016 cyber attack on the Bangladesh Bank that resulted in the theft of $81 million. Bangladesh needs cyber security measures to protect its citizens and organizations from the country’s vulnerability to cyber threats.

Loss of sensitive information: A successful cyber attack can result in the loss of sensitive information, such as personal and financial data. This can lead to identity theft, financial fraud, and a loss of trust in the affected organizations.

Financial losses: Cyber attacks can cause financial losses for both individuals and organizations. Businesses can suffer from lost revenue, damaged reputation, and legal liabilities, while individuals can face financial losses from identity theft or fraudulent activities.

National security: Bangladesh’s national security can also be impacted by cyber-attacks, as cybercriminals can access sensitive government and military information through successful cyber attacks.

Due to its growing dependence on technology and the potential loss of sensitive information and financial losses, Bangladesh should take cyber security seriously.

Cyber Security Awareness in Bangladesh: Frequently Asked Questions (FAQ)

1. What is Cyber Security Awareness?

Cyber Security Awareness refers to the understanding of potential threats, protective measures, and responsible online behavior to safeguard personal and organizational information from cyber threats.

2. Why is Cyber Security Awareness important in Bangladesh?

As digital dependency increases, so does the risk of cyber threats. Cyber Security Awareness is crucial in Bangladesh to protect individuals, businesses, and the nation’s critical infrastructure from cybercrimes.

3. How can individuals enhance their Cyber Security Awareness?

Individuals can enhance awareness by staying informed about the latest cyber threats, attending workshops, and following best practices such as using strong passwords, enabling two-factor authentication, and being cautious about phishing attempts.

4. What role do businesses play in Cyber Security Awareness?

Businesses are key stakeholders in Cyber Security Awareness. They should educate employees, implement robust security policies, conduct regular training, and invest in cybersecurity measures to protect sensitive data and maintain business continuity.

5. Are there specific cyber threats prevalent in Bangladesh?

Common cyber threats in Bangladesh include phishing attacks, malware infections, ransomware, and online fraud. Awareness programs aim to educate users on recognizing and mitigating these threats.

6. How can schools and educational institutions contribute to Cyber Security Awareness?

Educational institutions can integrate cybersecurity awareness into their curriculum, teaching students about online safety, responsible internet use, and the basics of protecting personal information.

7. What government initiatives exist for Cyber Security Awareness?

The government of Bangladesh may conduct awareness campaigns, workshops, and implement policies to promote cybersecurity. Individuals can stay informed through official government channels and participate in awareness programs.

8. What steps can I take to secure my online accounts?

Secure your online accounts by using strong, unique passwords, enabling two-factor authentication, regularly updating software, and being cautious of suspicious emails and links.

9. Is it safe to use public Wi-Fi in Bangladesh?

Using public Wi-Fi comes with risks. It’s advisable to use a virtual private network (VPN) when accessing public Wi-Fi to encrypt your internet connection and protect sensitive data from potential threats.

10. How can I report cybercrimes in Bangladesh?

Report cybercrimes to the Bangladesh Cyber Security and Cyber Crime Investigation Division (CSCID) or local law enforcement. Provide detailed information about the incident to assist in investigations.

11. Where can I find reliable resources for Cyber Security Awareness?

Reliable resources for Cyber Security Awareness include government websites, reputable cybersecurity organizations, and online courses. Stay updated on the latest threats and best practices to enhance your awareness.

12. How can I get involved in spreading Cyber Security Awareness?

You can get involved by participating in or organizing awareness campaigns, sharing cybersecurity tips on social media, and encouraging others to stay informed about online threats and protective measures.

Jump into section:

• Types of cyber-attacks, commonly happen on your devices:
• Cyber attack happening through email:
• Cyber Security Awareness of Bangladesh, let’s learn from the history:
• Some statistics we must know:
• Why we should consider cyber security awareness in Bangladesh seriously?

Read Episode 2, where we will discuss how to protect yourself from cyber attacks: Click Here.

Author: K.A.M. Rashedul Mazid, Managing Director, Raise IT Solutions Ltd.

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