News

Data Theft at Cayman National in the Isle of Man

18 November 2019


Data Theft at Cayman National in the Isle of Man


ISLE OF MAN, 18 November 2019 – Cayman National Bank (Isle of Man) Limited, together with its sister company Cayman National Trust Company (Isle of Man) Limited, confirms that it has experienced a data hack. Responsibility for the data theft was claimed by a criminal hacking group on Sunday 17 November 2019.


Cayman National Bank (Isle of Man) Limited is a subsidiary of Cayman National Corporation Ltd ("CNC"). CNC, and its main banking subsidiary, Cayman National Bank Ltd. ("CNB"), are located in and operate from the Cayman Islands. All of Cayman National's operations within the Cayman Islands, including CNB, are separate and distinct operations from the bank in Isle of Man. The two banks do not share common systems, databases, client information, or email platforms. CNC is confident that the theft is contained within Cayman National Bank (Isle of Man) Limited and Cayman National Trust Company (Isle of Man) Limited only, and does not affect CNB or any other operation in the Cayman Islands.


The Isle of Man Financial Services Authority and Information Commissioner's Office, along with the Cayman Islands Monetary Authority, have been informed and are working with Cayman National in the Isle of Man.


It is known that Cayman National Bank (Isle of Man) Limited was amongst a number of banks targeted and subject to the same hacking activity. A criminal investigation is ongoing and Cayman National is co-operating with the relevant law enforcement authorities to identify the perpetrators of the data theft. Cayman National takes any breach of data security very seriously and a specialist IT forensic investigation is underway, with appropriate actions being taken to ensure that the clients of Cayman National's Isle of Man bank and trust companies are protected.


"Cayman National, along with virtually every other international banking group, is not immune from the constant attempts by hackers to gain access to confidential data", stated Cayman National Bank (Isle of Man) Limited's Managing Director, Nigel Gautrey. "In this instance, and despite the best efforts of leading data security consultants, this criminal hacking group has breached our system – although to date we have detected no evidence of financial loss to either our customers or Cayman National".


Cayman National Bank (Isle of Man) Limited and Cayman National Trust Company (Isle of Man) Limited are in the process of notifying their customers of the data breach, although any customers with questions in the meantime should email dataenquiry@caymannational.im. Periodic updates will also be available at www.caymannational.im


About Cayman National
Cayman National Bank (Isle of Man) Limited and Cayman National Trust Company (Isle of Man) Limited are subsidiaries of Cayman National Corporation Ltd.

Cayman National Bank (Isle of Man) Limited and Cayman National Trust Company (Isle of Man) Limited

Cayman National House 4-8 Hope Street

Douglas

Isle of Man

IM1 1AQ

+44 1624 646900

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