Anti-Fraud Committee ICT Symposium

“ 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”

Monthly meetings to discuss:  Trends  Share Intelligence  What is on the horizon It affords – Proactivity

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

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)

Wire Transfer Fraud Hard Copy  Instructions via Letter Heads  Information communicated via courier  Subsequent calls to support instructions Evolved Internet – Cyber Crime  Sending instructions via  Intercepting s with payment arrangements and redirecting wire to another account, at another bank, in another jurisdiction.

Awareness Campaigns (through collaboration)  The Media  Various Chambers ~~~~~~~~~~  The risk of doing business online  Tips on how to reduce the risk of being a victim

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

Questions