Rethinking Check Fraud: Taking a New Approach to an Old Fraud Type

Rethinking Check Fraud: Taking a New Approach to an Old Fraud Type Invisible to many is the fact that check fraud is growing despite decreasing item volume. Accounting for more than half of the $2 billion in deposit account fraud losses that U.S. banks suffered in 2008, check fraud presents a relatively easy attack vector for increasingly sophisticated and well organized fraudsters.

This TowerGroup report explores how treating check fraud as a "cost of doing business" understates the threat, increases the cost to contain the problem, and creates a perfect hunting ground for criminals.

Read this paper to learn how:

  • Distraction by flashier fraud types weakens check fraud defenses;
  • Check fraud defenses strengthen an Enterprise Fraud Management strategy;
  • New technology and analytics can dramatically reduce the cost of check fraud.



Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.