CASTRIES, St Lucia, Thursday March 7, 2013 – The data breach that first came to light after a recent nation-wide credit card recall across banks in the Bahamas is having a regional impact.
According to an alert sent out to the regional media by the Caribbean Association of Banks Inc (CABI), banks and other financial institutions across the Caribbean have been impacted by the security breach at a financial institution in the region.
Reports in the media have suggested that the breach took place at a data centre in Barbados where sensitive information on the accounts of thousands of card holders was stolen.
CABI said the breach could result in the compromise of a number of Visa and MasterCard branded debit and credit cards.
It advised card holders that “out of an abundance of caution” banks and credit union might be contacting customers to have their card replaced.
In a bid to reassure thousands of customers across the Caribbean, CABI stressed that these measures were precautionary as, up to the point of their alert being issued, no fraud had been attributed to this case.
“Our member Banks and other Financial Institutions throughout the region take client confidentiality and security very seriously and provide assurance that customer interest remains soundly protected. Your understanding and patience are greatly appreciated,” stated CABI in its media release.