Jamaica bank improving electronic security after mass Target breach

One of the largest financial service providers in Jamaica, 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 retail giant,Target.

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

“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 also 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 educating the public about online security threats to personal information.

Last month, Target announced that several customers had been victims of data theft from software installed on their machines used to swipe credit cards.

Source: Caribbean360