Bermuda Police Urge Businesses to Prevent Credit Card Fraud

Combating Rising Tide of Credit Card Fraud in Bermuda

The Bermuda Police Service Fraud Unit has issued an advisory urging businesses and individuals handling financial transactions to be more vigilant in a bid to combat the rising tide of credit card fraud in Bermuda.

Recent Cases of Credit Card Fraud

According to police reports, a number of cases have been filed recently where persons presented stolen or unauthorized credit or debit cards to businesses, resulting in significant losses. In almost all instances, the perpetrators failed to verify the cardholder’s signature or request photo identification to match the name on the card.

Urgent Measures Needed

The Bermuda Police Service is urging business management and staff to take extra precautions by requesting a secondary form of identification, such as a driver’s license, to prevent and reduce credit card theft and subsequent fraud.

Prevention is Key

By taking these measures, authorities hope to stem the growing problem of credit card fraud in Bermuda and protect both businesses and individuals from financial losses. This includes:

• Requesting a secondary form of identification, such as a driver’s license
• Verifying the cardholder’s signature
• Requesting photo identification to match the name on the card
• Being vigilant and monitoring transactions closely

Protect Your Business and Customers

By taking these steps, businesses can significantly reduce the risk of credit card fraud and protect their customers from financial losses. It is essential for all parties involved in financial transactions to be proactive in preventing and combating credit card fraud.