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“Managing Cybersecurity Threats in the Financial Sector” will be the topic of a discussion hosted by the Central Bank of Barbados and the Financial Services Commission. The online event takes place on Wednesday, June 29, 2022 at 10:00 a.m.

“Barbadians are increasingly embracing digital payment options, particularly in the wake of the pandemic, and there are many benefits to this. At the same time, there are risks that the financial sector must be able to identify and mitigate. And when necessary, it must be able to address any issues that occur quickly and in a way that limits the damage to their clients and does not compromise financial stability,” said Octavia Gibson, Director of Currency and Payments Oversight at the Central Bank.

“Our aim with this session is to look at lessons learnt from recent experiences and examine what should be done at a national, sectoral, and individual level to minimise future threats. To do this, we’ve brought together a panel with both the expertise and the experience to speak to these issues.”

That panel comprises Patricia Rowe-Seale, Director, Enterprise Security, Fraud and Supplier Risk Management, CIBC FirstCaribbean International Bank; Ryan Greaves, Chief Technology Officer, City of Bridgetown Co-operative Credit Union; and Jason Downey, Vice President of the Barbados Chapter of the Information Systems Security Association.

“Digital payments already play an important role in Barbados’ financial system, and we anticipate that role will expand as technology continues to improve. The financial sector and we, as consumers, need to understand how we can best manage the cybersecurity threats that unfortunately accompany them. So, we encourage everyone to register to attend the session and to take the opportunity to pose their questions to our expert panel.”

Central Bank of Barbados

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