midst the rise in social engineering and other cyber threats, several commercial banks have implemented new procedures and tools to limit the risk posed to customers in the rapidly evolving digital age.

The latest commercial bank to enact a change is JN Bank Limited, which will require personal customers as of November 4 to login to the online banking platform JN Live and verify themselves with two-factor authentication (2FA) using the Google Authenticator app. Currently, users select a security image and answer a security question to login to the platform along with entering a transaction password for certain transactions. This will no longer be the case once the changeover takes place.

The 2FA will be required when adding transfer recipients, transferring funds to other bank accounts and wire transfers, mobile phone top-up and setting up new bill payments. As a result, JN Bank has reminded customers that they need to ensure tha

https://www.jamaicaobserver.com/business/banks-upping-security-measures-to-protect-customers/