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 ...

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 ...

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 ...