In 2017, there were 1,694 reports of electronic bank card fraud, with those transactions amounting to $14.5 million. There were 78 prosecutions.
transactions amounting to $14.5 million. There were 78 prosecutions.
Giving evidence to the JSC, Phillip said the prosecutions, done under the Electronic Transfer of Funds Act and the Computer Misuse Act, ranged from the fraudulent use of cards, trafficking in counterfeit cards and the possession of card-making equipment.
Phillip said in 2018 there was an additional kind of electronic fraud.