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Bankers Association of Trinidad & Tobago (BATT)

Bankers Association of Trinidad & Tobago (BATT). Anti-Fraud Committee ICT Symposium. BATT’S - Mission Statement.

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Bankers Association of Trinidad & Tobago (BATT)

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  1. Bankers Association of Trinidad & Tobago (BATT) Anti-Fraud Committee ICT Symposium

  2. BATT’S - Mission Statement “ 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”

  3. BATT’s Anti-Fraud Committee Monthly meetings to discuss: • Trends • Share Intelligence • What is on the horizon It affords – Proactivity

  4. BATT’s Mandate 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

  5. Card Fraud - Skimming 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)

  6. Online Fraud

  7. Internet – Cyber Crime 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 email • Intercepting emails with payment arrangements and redirecting wire to another account, at another bank, in another jurisdiction.

  8. Educate The Consumer/Customer/Client 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

  9. At The Bank’s End 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

  10. ICT symposium (BATT Anti-Fraud Committee) Questions

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