Fear of Cybercrime as a Challenge to Global Electronic Banking

• Author: Lloyd G. Waller/Corin Bailey/Stephen Johnson
• Profession: Senior Lecturer in Methodology and Political Sociology and Head/Chair of the Department of Government at the University of the West Indies, Mona, and Director of the Centre for Leadership and Governance, a research and policy unit within the Department of Government, UWI/Fellow at the Sir Arthur Lewis Institute of Social and Economic Studies, ...
• Pages: 57-69

Fear of Cybercrime as

a Challenge to Global

Electronic Banking

FEAR OF CYBERCRIME VICTIMISATION AS A

DETERRENT TO ELECTRONIC BANKING

In this section, we examine electronic banking in two

Caribbean countries – Barbados and Jamaica. Overall, the

study indicated low use of electronic banking especially

when compared to countries such as the United States,

United Kingdom, Estonia and Singapore. Based on the

low usage it can be inferred that electronic banking is an

emerging segment within the two countries examined.

In the case of Barbados, only 12 per cent of the sampled

respondents were using electronic banking, whereas it was



Figure 4.1: Use of Electronic Banking

Barbados;

Use; 12%

Barbados;

Non-Use; 88%

Jamaica;

Use; 36%

Jamaica;

Non-Use; 64%

Barbados

Jamaica