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PB2024-018 Advisory and Recommendations on Preventing Fraudulent Transactions

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PB2024-018

Advisory and Recommendations on Preventing Fraudulent Transactions

Willemstad/Philipsburg - The Centrale Bank van Curaçao en Sint Maarten (CBCS) issues a vital advisory to all consumers and businesses regarding the risk of fraudulent activities in various digital transactions. These criminal activities pose a significant threat to our financial and economic stability of our communities by exploiting stolen data to make unauthorized transactions.

Fraudulent activities in digital transactions not only result in direct financial losses for consumers but also cause increased transaction declines, high chargeback rates, and additional expenses for merchants. Such activities compromise the integrity of our financial systems and can disrupt legitimate business operations while eroding consumer trust in digital transactions.

 

Last updated: 06.06.2024 16:06