The Jamaica Bankers Association (JBA) is urging customers of deposit-taking institutions, consumers, business owners and the general public to take all necessary measures to safeguard themselves and their valuable assets, especially in light of the ongoing security risks associated with handling cash.

With the Christmas season upon us, the JBA has recognised the importance of promoting safe use of banking services; doing business generally and safe shopping practices. The JBA strongly encourages customers to utilise digital payment platforms and opt for secure digital payment methods such as using mobile and online banking, credit, debit and contactless cards, or online payment gateways when making purchases.

As the festive season brings with it an increase in cash flow and the hustle and bustle of holiday shopping, the JBA acknowledged the need for heightened awareness and vigilance regarding consumer shopping and conducting banking transactions.

While it is recommended to prioritise online and electronic transactions, the banking group said it understands that some individuals will still need to use cash for various reasons. For those consumers who cannot avoid using cash, the JBA has offered a few tips to help mitigate the risks associated with handling physical currency:

1. Plan your cash withdrawals – Before heading out, estimate the amount of cash you will need and withdraw only what is necessary. By minimizing the amount of cash you carry, you reduce the potential loss or risk associated with large sums of money.
2. Be alert when using ABMs or entering or exiting branches – When withdrawing cash, opt for ABMs located in well-lit, high-traffic areas. These locations typically have increased security measures and surveillance systems, providing an added layer of safety.
3. Be discreet when handling cash – Keep the cash securely concealed in your wallet or purse until needed, and try not to display large amounts of money in public.
4. Do not store cash at home – Avoid sharing information about cash holdings with others to maintain confidentiality.
5. Pay close attention to your surroundings – At this time of the year it is important to be extra vigilant of persons and circumstances in close proximity to you. Ensure that you are not being followed after shopping or leaving the ABM.

Additionally, be extra careful when shopping online: Choose reputable companies to transact with. Check if sites are secure by looking for the lock symbol in the web address. Be suspicious of emails or deals from unfamiliar persons and remember never to share confidential information such as your debit or credit card PINs or banking or online or mobile passwords with anyone.

The JBA also recognised the efforts of security partners in protecting the public and implored all customers to be vigilant and adopt the best practices shared to stay safe during the holiday season.