‘Bangladesh has potential to become an outsourcing market for cyber security services’

Bangladesh has big potential as an outsourcing market for professional cyber security services and management accountants could play a major role in the sector. 

However, a lack of proper training and opportunities is a hurdle to this, observed speakers at a programme titled ‘Continuing Professional Development’ held at ICMAB in the city on July 23. 

Key focus of the thought-sharing programme was “Managing the Cyber Security Risks: The Role of Management Accountants.”

Mustafa Jabbar, Minister of Post, Telecommunication and Information Technology attended the programme as Chief Guest. M. Abul Kalam Mazumdar FCMA, President of ICMAB presided over the programme while Md Ziaul Karim, Chief Technology Officer, Dhaka Stock Exchange Ltd. presented the key note paper. 

Mahtab Uddin Ahmed FCMA, Managing Director and CEO, Robi Axiata Ltd. was also present as a discussant at the programme.

Mustafa Jabbar said the present government is working to ensure cyber security. He emphasized the importance of raising awareness among all in this regard.

Speakers at the programme also said that India, Pakistan, Sri Lanka and other regional countries with low-labour cost are earning billions of dollars through Business Process Outsourcing (BPO). 
The speakers noted that, Bangladesh, being a low-labour cost country can also get a share of this remittance. 

As there is shortage of skill and training in the country, ICMAB students and members are best suited to ensure cyber security for accounting Business Process Outsourcing (BPO) services, the speakers added.

BPO means handling over of all or part of business activities of a firm to an IT firm or individual over the internet, in exchange of payment. In such cases, often, information of clients, stakeholders of the contractor-firms get leaked. BPO providers have to abide by certain best practices to avoid this risk and ensure cyber security.