Financial Crime World

Title: Jamaica’s Cybersecurity Under Threat: 19 Million Attacks in First Half of 2023

Subhead: Cybercriminals target Jamaica in global wave of sophisticated attacks, experts warn

  • Jamaica faces more than 19 million cyberattacks in the first half of 2023, according to recent data 1
  • Frequency and sophistication of cyberattacks increasing, posing risks to critical infrastructure 2
  • Cybercriminals use DDoS attacks, malware infections, and ransomware to target Jamaican organizations 2

Dr. Marion Bullock-DuCasse, President of the Jamaica Information Sciences Association (JISA), on the threats:

  • Jamaica not immune to global trend of cybercrime 2
  • Many attacks unreported or undetected 2

Local cybersecurity firms report surge in attacks

  • Companies like CyberGuard and CybSafe report a surge in cyberattacks 1
  • Reasons for increase: reliance on digital platforms, lack of cybersecurity awareness, outdated software and hardware 3

Sophisticated attacks on the rise

  • Cybercriminals use advanced techniques like machine learning and AI to evade detection 3
  • Major Jamaican bank’s firewall bypassed, leaving it vulnerable to data breaches 3

Dr. Bullock-DuCasse’s perspective:

  • Attacks calculated and targeted, designed to exploit vulnerabilities and cause maximum damage 3
  • Costs of not taking cybersecurity seriously include financial loss, reputation, and public trust 5

Cybersecurity experts urge action

  • Jamaican government and organizations must invest in cybersecurity infrastructure and protocols 5
  • Employees must be educated on best practices 5

Individuals and businesses must protect themselves

  • Use strong passwords, install antivirus software, be wary of phishing scams 5

Conclusion

  • Jamaica’s cybersecurity landscape is rapidly evolving, and action must be taken 6
  • Right investments and a commitment to cybersecurity best practices will reduce risk and protect critical infrastructure from cyberattacks 6