Cybercrime continues to be a serious threat — Montague

Thursday, December 07, 2017

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JAMAICA lost US$100 million to cybercrime in 2016, with 200 such cases reported, the Cybercrimes Unit of the Jamaica Constabulary Force has reported.

Speaking at the Jamaica Institute of Financial Services' annual anti-fraud seminar at the Terra Nova Hotel in Kingston yesterday, Minister of National Security Robert Montague noted that the figure had grown exponentially in 2017 and continues to be a serious threat.

According to a release, Montague affirmed that the Government remains conscious that the integrity of the banking and financial services industry is crucial to achieving the country's vision of national and personal security. He also noted that financial crimes represent a significant challenge to international economies and threatens the financial stability of many countries.

“The matter before us today is the new frontier of crime in Jamaica. Believe it or not, cybercrime and document fraud have been on the rise in Jamaica and these crimes can have negative effects on the social and political sectors of any country” Montague is quoted as saying.

He also stated that criminals had taken a sophisticated approach to executing illegal activities and urged financial institutions and Jamaicans, in general, to safeguard against these crimes, by learning proactive measures to be taken, through such channels of learning as seminars.

“These criminals are operating within a network, so we cannot fight organised crime if we are not organised. The response to crime today cannot be only through the police and security forces, neither the Government alone. It has to be a fight by all members of the society,” he continued.

The seminar, which was hosted under the theme “Identification and Document Authentication”, was aimed at addressing the threats posed by false documentations and identification.

It also set out to explore the vulnerabilities and techniques necessary for effective fraud detection, the release said. The seminar also provided information on the implementation of the National Identification System and the features which should be in place to ensure security.




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