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Beware cybercrime

Natasha Beckles

Beware cybercrime

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That’s the advice a Barbados-based businessman is giving to local firms after his company was almost fleeced of more than $150 000 in a sophisticated cyberattack.
Yesterday, chief executive officer (CEO) of Caribbean LED Lighting, Jim Reid, revealed to the DAILY NATION that it was only the vigilance of his bank that prevented US$86 255 from being wired to an unauthorised bank account in Beijing, China.
In a subsequent interview, CEO of the Caribbean Cyber Security Centre, James Bynoe, said the incident was just one of several which had occurred in Barbados over the last two months.
“We’re seeing a trend where spyware and malware are being used to harvest information which can then be used to execute unauthorised banking transactions,” he said.

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