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Check fraud: New tech driving old school scam

Check fraud is surging in 2023. While check fraud has been around since the first checks were used hundreds of years ago, the internet and social platforms have made it easier to access and find buyers for stolen checks ever since. Preventing check fraud at a financial institution begins with frontline staff training and extends to using fraud detection software. Understand the red flags indicating a check has been tampered with and the warning signs that customers have fallen for a scam. Stay up to date with check fraud trends to bolster security and safeguard the financial institution and its customers or members.

Download this whitepaper to learn:

  • The prevalence of check fraud in the digital age
  • The methods used to procure and cash stolen checks
  • Organization- and staff-level measures to address check fraud

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