Check Yourself: Exploring the Check Fraud Crisis

Based on various research surveys, check fraud levels appear to have grown over 300% from pre-pandemic levels. Fraudsters are using all the tools in their belt, from traditional and digital counterfeiting to purchasing stolen checks on the dark web obtained through post office and mail carrier theft. Let's not forget about organized crime and money mules. Financial institutions must take a multi-layered, proactive approach to protect themselves and their clients. This session will include a review of historical fraud numbers, trends, fraud use cases, and updates from 2023. Speakers will discuss new strategies and tactical deployment methods to address this crisis in check fraud.