News

Trinidad: Citizens lose $14m to cybercrime

In 2017, there were 1,694 reports of electronic bank card fraud, with those transactions amounting to $14.5 million. There were 78 prosecutions.

So said Deputy Commissioner of Police Harold Phillip as he responded to questions from Attorney General Faris Al-Rawi, chairman of the Joint Select Committee (JSC) on the Cybercrime Bill, on statistics in electronic bank card fraud.

transactions amounting to $14.5 million. There were 78 prosecutions.

 So said Deputy Commissioner of Police Harold Phillip as he responded to questions from Attorney General Faris Al-Rawi, chairman of the Joint Select Committee (JSC) on the Cybercrime Bill, on statistics in electronic bank card fraud.

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s