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Credit Card Fraud and Cyber Crime: The Intersection
At its simplest, credit card fraud can involve stealing someone's physical credit or debit card and using it to make purchases. However, that type of credit card fraud is becoming rarer by the day. In ... Read More »
What Are Counterfeit Checks?
Counterfeit checks include any checks that have been created fraudulently with the purpose of stealing money from someone. This category can include fake cashier's checks, money orders, personal checks, and business checks. In some cases, ... Read More »
Types of Check Fraud
Fraudsters use a variety of different types of check fraud to steal money from people and businesses. These are some of the most common types of check fraud that may impact your financial institution or ... Read More »
How to Spot an Altered Check
Thieves alter checks by changing the amount or the payee name. Then, they cash the check over the counter, deposit it into a new account and withdraw the funds before anyone detects anything or find ... Read More »
How to Protect Yourself from Fake Cashier’s Checks and Money Order Scams
When you run a financial institution, you inevitably hear about money order and cashier's checks scams, and eventually, some of your customers may fall prey to these scams. Theoretically, your customers are responsible for losses ... Read More »
Cashier’s Checks and Money Order Scams
Savvy scam artists take advantage of the sense of security banking customers feel around cashier's checks and money orders, and they use fake money orders or cashier's checks to steal money from victims. In most ... Read More »
Dangers of Floating Checks
Floating a check may seem harmless; after all, check floaters may know they will have the money in their account within a couple of days. They may think that their actions can't hurt anything. Although ... Read More »
Check Fraud Detection and Prevention
A 2018 study conducted by American Bank and SourceMedia Research reveals that the majority of senior level executives from banks, credit unions, and other financial institutions report that they are more worried about fraud now ... Read More »
Check Fraud Penalties
Check fraud can take several different forms and lead steep financial losses. In some cases, a thief may forge a check for a couple hundred dollars, or they may spearhead check kiting schemes worth millions ... Read More »
History of Check Fraud
As long as there have been checks, there has been check fraud. Fraudsters have forged checks, impersonated account holders to cash checks, stolen checks, tricked people into giving them checks, and committed countless other types ... Read More »
