Financial institutions, particularly those aligned to the Jamaica Bankers’ Association (JBA), have pooled human and financial resources in an all-out effort to smash an emerging debit-card scam that is threatening the security confidence of the electronic banking system in Jamaica.<\/p>\n
For the first time since the promulgation of the Cybercrimes Act more than eight months ago, the police yesterday reported that they cracked a major cybercrime ring, arresting and charging two men for breaching the far-reaching statute.<\/p>\n
Michael Gordon, chairman of the JBA’s anti-fraud committee, wel-comed the use of the cybercrime law against debit-card scammers, noting that charges against these persons in the past reflected a slap on the wrist.<\/p>\n
“They are now being arrested under the Cybercrimes Act. That’s a great improvement because before we were wondering under what regulations these persons would be charged; we were even looking at trespassing,” he told The Gleaner yesterday.<\/p>\n
Using micro-pin cameras and other technological devices, debit-card fraudsters have been collecting data from debit cards, as well as personal identification numbers (PINs), in an effort to withdraw money from the accounts of cardholders.<\/p>\n","protected":false},"excerpt":{"rendered":"
Emerging cybercrimes are threatening the security confidence of the electronic banking system especially, with online banking still in its growing stages in the Bahamas.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[98,69,58],"class_list":["post-1784","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial","tag-internet","tag-jamaica"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=1784"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1784\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=1784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=1784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=1784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}