70pc banks yet to embrace AI in cybersecurity, BIBM survey finds

A recent survey by the Bangladesh Institute of Bank Management (BIBM) has revealed that the majority of banks in the country remain far from adopting artificial intelligence (AI) for automating incident response in cybersecurity operations.

According to the survey, about 70 per cent of banks have either no automation (46 per cent) or are still in the planning stage (24 per cent) for integrating AI into their cybersecurity response systems.

This indicates that actual implementation remains at a very early stage, with most banks exercising caution in adopting AI-driven solutions.

The report further notes that only 27 per cent of banks have achieved partial automation, mostly focusing on simple, repetitive security tasks, while a mere 3 per cent have fully automated systems in place — highlighting the limited maturity of AI applications in this area.

The findings were presented at a roundtable discussion held at the BIBM auditorium in the capital on Wednesday. Md. Shihab Uddin Khan, Professor at BIBM, presented the study at the discussion.

Nurun Nahar, chairman of the BIBM executive committee and deputy governor of Bangladesh Bank, attended the event as the chief guest.

The findings underscore the need for greater investment, capacity building, and regulatory guidance to help banks move from planning to practical deployment of AI-based security systems.

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