Police Investigating Credit Card Fraud Incidents

May 8, 2020 | 0 Comments

The Bermuda Police Service’s Financial Crime Unit is investigating credit card fraud, with at least three establishments reporting that goods were purchased locally using stolen credit card information, resulting in losses of approximately $15,000.

A police spokesperson said, “Financial Crime Unit is currently investigating credit card fraud that occurred earlier this year, prior to shelter in place. At least three establishments have reported that goods were purchased locally using stolen credit card information, resulting in losses of approximately $15,000.

“Now that we have moved to phase one with the re-opening of some retail businesses for curbside pickup or delivery, we would like to alert business owners and their staff how to guard against potential fraudulent purchases made online or over the phone.

“Our recommendation to businesses is to verify large purchases by either requesting that customers produce the credit card used, and where possible, check identification to ensure it matches the card. This may prevent businesses suffering unnecessary loss during these difficult times.

“What to look out for before processing a payment – be suspicious of:

  • Orders consisting of big-ticket items, such as cell phones, electronics, tools and alcohol.
  • Orders containing multiple purchase of the same item that may not make sense.
  • Several same day purchases using the same card
  • Different cards being used to make a purchase due to declined transactions.
  • Orders being delivered to unusual locations.

“If suspicious, clerks should ask the caller for additional information, such as the three digit security code printed on the back of the card.”

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