bankers association of trinidad & tobago (batt)
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Bankers Association of Trinidad & Tobago (BATT). Anti-Fraud Committee ICT Symposium. BATT’S - Mission Statement. - PowerPoint PPT PresentationTRANSCRIPT
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Anti-Fraud CommitteeICT Symposium
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“ To play a core role in the growth and stability of the financial sector, through advocacy and representation; and to facilitate the provision of the most competitive banking products and services to our customers, with integrity and transparency”
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Monthly meetings to discuss:
Trends
Share Intelligence
What is on the horizon
It affords – Proactivity
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To Be A Household Name Reputation- Improve the Image of BATT (Credibility) Representation- Influence Advocacy- Outreach and Lobby Information-sharing and Education- Develop and utilise various
channels for promoting BATT, its role and educating the public on relevant banking issues
What is on the horizon
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What is Skimming
“The surreptitious act of copying the encoded card information off the magnetic strip of either a credit or debit card with the intent to create a cloned card to facilitate fraudulent transactions on the legitimate account”
(Source - BATT)
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Wire Transfer FraudHard Copy Instructions via Letter Heads Information communicated via courier Subsequent calls to support instructions
Evolved
Internet – Cyber Crime Sending instructions via email Intercepting emails with payment arrangements
and redirecting wire to another account, at another bank, in another jurisdiction.
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Awareness Campaigns (through collaboration) The Media Various Chambers
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The risk of doing business online Tips on how to reduce the risk of being a victim
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Robust Network Infrastructure Both Internal and External Facing Firewalls Intrusion Detection systems Highly Trained IT Units
Guidelines/Procedures – Online Transactions Guidelines/Procedures – Reporting Events to
the Police
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Questions