With progress comes a price.
And that’s what people who have fallen victim to scams have realised.
As technology improves, crooks are finding more and more ways to liberate people from their money.
Royal Cayman Islands Police Sergeant Michael Montaque warns that this new breed of scammers gets into people’s bank accounts, computers, emails; essentially nothing is private anymore.
And it’s not just uninformed, unintelligent people who fall victims to scams. At least one law firm based in the Cayman Islands fell victim of a scam and is now out $300,000. They fell prey to suspicious communication from people posing as overseas clients.
The more sophisticated technology gets, the more sophisticated scammers get.
That’s why it’s important to always be on guard.
There are ways to ensure that your personal information is safeguarded.
For starters, turn to the old cliche’. If it sounds too good to be true, then it probably is.
One of the more recent scams involved a Guyanese man who was arrested in connection with a counterfeit money scam. For a mere $10,000 the ‘victim’ could walk away with $100,000 in spendable counterfeit money. Police are still looking for the potential ‘victims’ of this scam to help with prosecution.
Often the scammers come to the Cayman Islands from other jurisdictions.
It’s suspected that’s what happened when thousands of dollars worth of jewellery was stolen from Effy Jewellers on the waterfront in George Town. The swipe was done in the middle of the day when several people were in the shop. It’s thought that the thieves came off a cruise ship.
There have also been several cases of skimming at ATMs. That’s when thieves place seamless devices on machines to steal debit card information.
And that may be the scariest scam of all because most of us use ATMs or pay for purchases with debit cards on a daily basis.
Be sure to protect your personal identification number as much as possible and only use your debit cards at reputable retailers and ATMs.
There are plenty of people among us trying to free us of our information and money.
Be on your guard, constantly.
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