Tue | Jan 22, 2019

Banking privacy breaches alarming

Published:Saturday | April 21, 2018 | 12:00 AM


On April 11, as I watched Smile Jamaica on TVJ, host Neville Bell related an experience with his financial institution about his card having been "compromised". In his retelling, Mr Bell said that the financial institution had enjoined him to refrain from identifying them on air.

In fact, they apparently did not disclose to him the nature of the compromise nor the location where the violation occurred because as they said, like Olivia Pope, "It's handled!"

My surprise was that 'Bertis' seemed to have been satisfied with that.

I mean, just recently, the usually uber-casually dressed Mark Zuckerberg, Facebook CEO, swapped his T-shirt for a suit and Facebook blue tie to testify on Capitol Hill. Many of you might have heard of the Cambridge Analytica scandal that involved one of the most massive data breaches to date.

What about the rest of us? How did the compromise arise? Did they not have adequate security in place? How widespread was it? How did they 'fix' it? What will they do differently, going forward?

It remains to be seen if "merely 50 million" or "actually 87 million" was compromised.