She pointed to the fact that check fraud is a growing issue, citing a recent industry report that showed a 90% increase in suspicious activity from 2021 to 2023. And as sophisticated as banks have ...

Why has there been such an increase in fraud? A few major factors, including COVID-19, have together contributed to the problem. During the pandemic, trillions of dollars in COVID relief checks ...

An executive order requiring the government to stop issuing paper checks is expected to help banks, which have seen a rise in ...

Meanwhile, as the cases of fraud increase, victims are waiting longer to recover their stolen money. Check usage has been in decline for decades as Americans have largely switched to paying for ...

Just over a third of the 1.5 million fraud-related SARs filed by depository institutions in 2024 were related to check fraud, according to the Fincen ... of fraud reports might be accompanied by an ...

Check fraud often occurs because a check is stolen from the mail. If you must mail a check, drop it off directly at the post ...

“Fraud attempts and fraud losses were most notable in debit cards and checks, with increasing attempts and losses realized,” the Fed report said. “In addition to challenges with scams and ...

Fraud and other more serious property crimes are also increasing. Last year saw a series of robberies committed by individuals recruited through social media, many of whom were first-time ...

Police are looking for two people wanted in relation to multiple check fraud incidents that took place at the Von Maur store in Brookfield in January. The two suspects passed checks with different ...

While Indian banks are still better governed, under regulatory scrutiny banks are increasing these ... credentials resulting in fraud attacks,” he said. Background checks were always conducted ...