check fraud

Business check fraud remains a significant threat, even with advancements in digital security. Criminals target paper-based payment systems, leading to substantial financial losses for companies. Check fraud includes illegal activities like creating, altering, or using checks to unlawfully obtain funds. According to the Financial Crimes Enforcement Network (FinCEN), incidents of check fraud surged recently, with…

Check fraud is rarely obvious. Most of the time, it shows up in small details that are easy to overlook during a busy day. During April’s KWLM Ask the Expert segment, I had the opportunity to talk about how businesses can spot check fraud early and why catching subtle warning signs can make a major…