Catalog / Is a bank / LXD-7378

Is a bank, in Bangladesh

Cyber Security Act, Computer Emergency Response Team, Duty to Report a Cyber Incidentsince 1 line

Cyber Security Act, 2026 (Act No. 81 of 2026), s. 9 · Read the law's page

  • Without delay after a cyber incident occurs, inform the National Computer Emergency Response Team the National Cyber Security Agency maintains; the Act names no fixed number of hours or days for this notification.
  • This binds a government, private, or autonomous organization or institution in Bangladesh, the Act's own general categories for essentially any actor rather than a licensed or sector-specific status, so an ordinary software distributor or app operator falls within it without needing a critical-infrastructure designation.
Credit bureaus: licensing, consent, data localization and data subject rightsin force5 lines

Bangladesh Bank, Guidelines on the Licensing, Operation and Regulation of Credit Bureau, Payment Systems Department Circular No. 05/2024, ss. 7, 11, 14 and 18 · Read the law's page

  • If you operate a credit bureau in Bangladesh, get a licence from Bangladesh Bank first: no individual or company may operate one without it, and the licensed bureau's name must include the words Credit Bureau.
  • Collect, store and process a person's credit information only with the person's consent, and give it only to a user that has a permissible purpose and the person's consent, unless a law enforcement agency, regulator or court order requires the report.
  • Keep collected data inside Bangladesh, and do not store it in an internet cloud located outside Bangladesh.
  • Give a person free access to a copy of their credit report once a year or when a user has taken an adverse action, and run a dispute process that lets the person correct information that is inaccurate, incomplete or out of date.
  • Report to Bangladesh Bank every quarter, give it unrestricted access to the credit information you hold, and appoint an external auditor for a technology and financial audit every year.

Revisions

An entry gets a new revision when a law in it is added, removed, amended or reworded in the law library. The ID stays the same.

  1. Revision 1, : the entry was first published.

See also

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