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Check fraud on the rise, costing people and businesses thousands
WSAW - TV
WAUSAU, Wis. (WSAW) - Check fraud is on the rise again and experts have said personal checks are very easy to print on a computer where criminals can “wash” them to create blank checks.
“Generally speaking, check fraud has gone up. Easily gone up 10 to 20 percent over the last three years,” said Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association.
According to the Financial Crimes Enforcement Network, banks made around 680,000 reports of check fraud last year, nearly double the total from 2021.