🚔 Three US men detained in Cayman Islands for suspected credit card fraud

The Royal Cayman Islands Police Service (RCIPS) has arrested three American men aged 32 and 33 on suspicion of credit card fraud. The men are believed to have made several purchases using details from multiple credit cards obtained fraudulently. A search of their premises led to the seizure of phones, computer items, perfumes, and expensive jewellery, which are suspected to have been procured using the same fraudulent method. 🕵️‍♂️

The RCIPS is currently investigating multiple instances of credit card fraud, where purchases have been made without the knowledge or consent of the cardholders. Transactions have been made both online and over the phone, with recent instances of in-person purchases without a physical card or identification. The men remain in custody as investigations continue. Businesses that have conducted transactions with manually entered card details, especially those involving the group of three American men, are urged to review these transactions and contact the RCIPS Financial Crime Investigation Unit if they have any suspicions. 🚨

The RCIPS has advised businesses and cardholders to take measures to avoid falling victim to such fraud. These include not sharing card details or PINs with others, keeping cards in sight when making payments but out of sight of other people, and monitoring accounts for unrecognized payments. Cardholders are also encouraged to use transaction alerts provided through email or a bank-approved app for instant reporting of suspicious transactions. The police have also advised against making card payments over the phone and only through secure, recognisable platforms. Businesses are urged to avoid conducting card transactions with customers who cannot produce a physical card with a matching ID. 🛡️