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CYBERSECURITY COMPLIANCE FOR DIFFERENT INDUSTRIES


Taher Ahmed Chowdhury, the Deputy Managing Director of Islami Bank, is a 30 years experienced personality in field of IT and is therefore also the Head of Information & Communication of this bank. He has also played the role of Executive Vice President & CIO of first security of Islami Bank.

Mr. Taher Ahmed Chowdhury’s resume reveals that apart from completing MBA from IIUC, he have also mastered the International Project Managing from AAPM, USA, after which he finally mastered in Information Technology from Institute of IT from Jahangirnagar university. He, for the quest of knowledge, has also earned professional/global online certifications on MCP, MCSE and CCNA from Microsoft & Cisco, USA. Recently he has received CISSO (Certified information Systems Security Officer) from Miles2 of USA.

With such high qualifications in the field of IT, in 1986, he started his career as the Hardware Engineer of Beximco Computers Ltd. After sometimes, he took a break from Beximco and joined as a Radio Electronic Instructor in the Marine Academy of Chittagong (under Ministry of Shipping) in 1993. However, he joined back Beximco in 2000 as the Senior Network Engineer. Later, after a certain time, he finally shifted his career to banking and joined as the Assistant Vice President of IT division of IFIC Bank. He worked there before he finally became a part of Islami bank.

Cybersecurity issue is a most talked topic nowadays. Different business sectors are dependent on digitization. To be frank, digitization has intruded into every sector in fact. It’s been seen a major uptick over the last 10 years in the number of regulations across all sectors regarding cybersecurity. The following is a succinct focus at how cybersecurity regulations have been implemented across the different sectors around the world.


Retail Sectors

Although the retail sector isn’t federally regulated, it follows regulations from the Payment Card Industry Security Council’s Data Security Standard (or PCI DSS). These group issues security standards that any organization having payment cards or holds payment card data is required to follow.

Healthcare Sectors

For cybersecurity compliance healthcare, the best-known standard is the Health Insurance Portability and Accountability Act (HIPAA). HIPAA establishes cybersecurity standards for healthcare organizations, insurers, and even the third-party service providers medical organizations do business with.

Insurance Industries

Since the regulations for insurance departments and companies vary state by state, many have issued requirements to defend consumer information. Again, it has been seen increased interest in adding more regulations in this area. In October 2016, the New York State Department of Financial Services (DFS) proposed new regulation around cybersecurity for both financial organizations and insurance companies.

Energy Sectors

The Federal Energy Regulatory Commission (FERC) has the authority to establish cybersecurity regulations over a number of electric utility companies and operators. A nonprofit authority known as the North American Electric Reliability Corporation (NERC) has created the best standards, and the regulations are known as the Critical Infrastructure Protection (CIP) Standards.

Consumer Data

At present, some states including the District of Columbia have enacted cybersecurity compliance necessities for the companies to inform states about security breaches that can co-operate customer data. For example, your company holds sensitive personal information about customers—like social security numbers, account numbers, or payment card information—and you experience a breach and then you’re compelled to notify those affected data. The Federal Trade Commission (FTC) can also castigate organizations if failed to effectively protect the customer data.

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