06222020 BUSINESS

Page 1

business@tribunemedia.net

MONDAY, JUNE 22, 2020

$3.72

$3.73

New hacks expose Registrar General

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

T

HE government is “betwixt and between” over the Registrar General’s Department’s cyber security woes after being forced to again shut down its online database following fresh hacking attempts. Carl Bethel QC, the attorney general, told Tribune Business that the agency’s online portal was closed “last week” after the Royal Bahamas Police Force (RBPF) detected fresh “incursions” that were traced back to Internet Protocol (IP) addresses in two eastern European countries. While Mr Bethel declined to name the states involved, this newspaper understands from separate sources that the latest efforts to penetrate the Registrar General’s Department originated from Russia and Bulgaria - both of which

• Online database ‘completely shut down’ • Police detect ‘probes’ from Russia, Bulgaria • AG blasts ‘inconceivable’ security woes

CARL BETHEL QC

ALLYSON MAYNARD-GIBSON

are known as established sources of hacking and cyber crime. He blamed the latest series of hacks on the former Christie administration’s failure to properly implement the recommended security measures when the Registrar General’s Department was hacked for the first

time, slamming the situation as “inconceivable”. However, these claims were yesterday refuted by his predecessor as attorney general, Allyson MaynardGibson. She told Tribune Business that “every technological upgrade” required under her watch was implemented, and that the Minnis administration

Union leader to continue battle on bankruptcy By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

A TRADE union leader yesterday said “all options are on the table” after the Court of Appeal rejected his bid and those by three fellow ex-pension fund trustees to overturn bankruptcy orders made against them. Bernard Evans, pictured, the National Congress of Trade Unions of The Bahamas (NCTUB) president, told Tribune Business that “disappointment is an understatement” after the

three appeal court judges declined to intervene in a dispute sparked by an “unauthorised” $1.35m loan. He pledged that himself, Colin Wright, Ray Nairn and Shawn Bowe, all former fellow trustees of the Bahamas Communications and Public Officers Union (BCPOU) Pension Plan and Trust Fund, would “do whatever we can” via legal means to get the personal bankruptcy orders overturned. Pointing out that there were no allegations of

SEE PAGE 2

No third mobile firm before 2022 By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE government will make no decision on whether to licence a third mobile operator until 2022 at the earliest, its newly-released electronic communications sector policy has revealed. The 2020-2023 policy calls on the Utilities Regulation and Competition Authority (URCA), as sector supervisor, to provide a “feasibility and market analysis”

to support its recommendations on whether there is sufficient room for a third operator by year-end 2021. The policy acknowledges that the government will be some two to three years late in deciding whether to introduce more competition into the mobile market, as this decision should have been taken by October 2019 - some three years after Aliv ended the Bahamas Telecommunications

SEE PAGE 5

needs to start taking responsibility given that it was elected to office more than three years ago. The latest shut down, which comes just months after the department’s database was hacked in a separate January incident, has caused further frustration for the ease and efficiency of conducting business in The Bahamas even though Mr Bethel said it will likely re-open by week’s end once “several layers” of new cyber security defences have been deployed. The Registrar General’s Department is the hub around which much of corporate Bahamas and, in particular, the financial services industry functions. It

SEE PAGE 4

$3.80

$3.23

‘Serious blow’ as cruise lines delay to September 15 By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Downtown Nassau Partnership’s (DNP) co-chair yesterday said the cruise lines’ decision not to resume sailing until September 15 is “a very serious blow” that may mean many small businesses “will not survive”. Charles Klonaris said cruise tourism-reliant businesses now face having to hold on for an additional two to three months with minimal to zero income after the industry’s global trade body, Cruise Lines International Association (CLIA), announced on Friday that sailings from US ports have been postponed until midSeptember at earliest. Pointing that many Bahamian firms lack “the deep pockets” required to ride out such an extended closure, Mr Klonaris said The Bahamas was likely “to see very little tourist traffic” until the end of 2020 across both the cruise and stopover (hotel-based) segments.

He predicted that a true tourism recovery may only take root over the Christmas/New Year period, and suggested landlords as well as commercial tenants in the downtown Nassau and Bay Street areas will come under increasing financial pressure over the second half of 2020 due to the slow rebound from the COVID19 pandemic. Mr Klonaris said many firms had been hoping to re-open on July 1, which is when The Bahamas will re-open its borders to international travel, but retailers, tour operators, excursion providers, taxi drivers, restaurants, hair braiders, straw vendors and others reliant on the cruise industry for their livelihoods had now seen these hopes dashed for the time being. “I hope that’s realistic,” he added of the cruise industry’s revised September 15 date. “Being locked down for an additional three months, that’s serious. I cannot say off-hand what

SEE PAGE 7


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.