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Guyana’s Financial Institutions Step Up Anti-Fraud Measures
In an effort to combat the growing threat of fraud, Guyana’s financial institutions are implementing robust anti-fraud measures to protect customers’ finances and personal information.
Protecting Customer Data
According to Scotiabank, one of the country’s leading banks, protecting customer data is a top priority. The bank has implemented various security measures to ensure that online banking transactions are secure and confidential.
“We take strong measures to ensure the security and confidentiality of our customers’ information,” said a spokesperson for Scotiabank. “We use 256-bit encryption in updated browsers and mobile devices, and we also maintain firewalls and intrusion protection systems to prevent unauthorized access to internal systems.”
The bank has also introduced other security features, including:
- Timeouts: automatically log off the customer after a period of inactivity
- Time stamps: record all transactions with date and time stamps
- Scotia Fraud Alerts: notify customers of any unusual account activity
“We want our customers to feel confident that their information is safe with us,” said the spokesperson. “We’re committed to preventing fraud and keeping our customers’ accounts and financial information secure.”
Preventing Fraud at ATMs and Card Transactions
In addition to online banking, Guyana’s financial institutions are also taking steps to prevent fraud at automated teller machines (ATMs) and through credit and debit card transactions.
“We’ve introduced numerous safety features to keep customers safe at our ATMs,” said another spokesperson. “We’re committed to preventing fraud and protecting our customers’ information.”
The bank is also urging customers to take an active role in preventing fraud by:
- Being aware of their account activity
- Reporting any suspicious transactions to the bank immediately
“Fraud prevention is a shared responsibility between us and our customers,” said the spokesperson. “We want our customers to be vigilant and report any unusual activity to us so we can take action to prevent further fraud.”
Conclusion
With these robust anti-fraud measures in place, Guyana’s financial institutions are working together to keep customers’ finances and personal information safe from fraud.