02/23/2023

The renewed rise of check fraud

The Week

Check fraud is not new, and financial plots have been around in the United States for centuries. But what has caused the renewed uptick in check fraud in recent years, and what can be done about it? Here's everything you need to know: 

What exactly is check fraud? 

Per credit company Experian, check fraud occurs when someone "steals your actual checks or reproduces them," allowing them to then "cash those checks" and pull "money right out of your bank account." There are many different types of check fraud, all of which have evolved over the decades as the technology used by fraudsters has improved. 

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