Jerhoden Hinds, the businessman accused of stealing over $96 million from a local bank by manipulating a point-of-sale (POS) ...

“In some cases, we’ve heard of instances where armed robbers and kidnappers make use of POS machines to steal from people and collect ransom from their victims, among other illegal practices.

The fraud type that recorded a significant jump in cases was ATM/POS/Card fraud, which recorded 218 cases in 2023 compared to only 9 cases in 2022, the report noted. It said the increased use of ...