Credit Card Fraud Prevention Takes Center Stage in Jamaica

As credit and debit card usage continues to rise across Jamaica, so too does the threat of fraud. But with some simple precautions and knowledge of common types of fraud, individuals can significantly reduce their risk of becoming a victim.

What is Credit and Debit Card Fraud?

Credit and debit card fraud occurs when the information contained on your card is stolen and used to obtain funds from your account without your authorization. Common types of fraud include:

Counterfeit cards
Lost or stolen cards
Card not present transactions
Identity theft

How CIBC Caribbean is Working to Combat Fraud

CIBC Caribbean is working tirelessly with law enforcement agencies, regional Bankers’ Associations, and other financial institutions to protect customers from fraudulent activities. As a VISA and MasterCard member, the bank is committed to helping protect its clients from credit or debit card fraud.

Precautions You Can Take to Protect Yourself

To further safeguard yourself against credit and debit card fraud, consider taking the following precautions:

Use your hand or body to shield your PIN when conducting transactions at an ATM or point-of-sale
Never let your card out of your sight during a transaction
Regularly check your billing statements for any discrepancies
Never disclose your PIN to anyone
Change your PIN immediately if you suspect someone knows it
Avoid using obvious information when selecting your PIN
Sign your credit or debit card as soon as possible after receiving it

Staying Informed and Reporting Suspicions

For more information on how to protect yourself from credit and debit card fraud, visit CIBC Caribbean’s website or contact their customer service center at 1-866-743-2257.

If you suspect you have been a victim of fraud, report the incident to CIBC Caribbean immediately. Remember, staying informed and taking precautions can significantly reduce your risk of becoming a victim of credit and debit card fraud.