December 12, 2018

Jamaica bank improving electronic security after mass Target breach

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images-Business-security_breach_130584246From Caribbean360

The executive noted that pirates were good at sending emails with fake websites or downloading Trojans “that can compromise security irrespective of what is on the banking website.”

, , Tuesday January 28, 2014, CMC – One of the largest financial service providers here, the National Commercial Bank (NCB) is in the process of improving its electronic security arrangements in the aftermath of a mass breach of consumer credit card information at US store Target.

NCB’s Senior Assistant General Manager for Strategy, Group Marketing & Communications, Nadeen Mathews, says while the bank has always had security provisions, it is adding enhancements to those arrangements, in light of the recent development.

“It is a global concern for all institutions and so the only thing that we can confirm today is that it is something that our operations and technology unit continually looks at. Pirates are very good at sending emails with fake websites or downloading Trojans on your machine that can compromise security irrespective of what is on the banking website.

She stressed that consumers have to play a part in ensuring that their information is safe as well, hence the bank would also be placing emphasis on a programme of educating the public to the threats to the security of personal information that might be encountered online.

Last month, Target announced that several customers had been victims of data theft from software installed on machines used to swipe credit cards. he Caribbean countries eligible to participate in the visa programmes as Barbados, Belize, the Dominican Republic, , Haiti and Jamaica.

For more on this story go to: http://www.caribbean360.com/index.php/business/1106169.html?utm_source=Caribbean360+Newsletters&utm_campaign=9e2d74fd9b-Vol_7_Issue_004_Business1_29_2014&utm_medium=email&utm_term=0_350247989a-9e2d74fd9b-39393477#ixzz2rshQhc1x

 

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