Posts Tagged ‘Check Fraud’

UCC tricks and treats!

UCC tricks and treats!

I hope everyone has a Halloween filled with more treats than tricks! Speaking of tricks, what happens when a credit union receives a check that has double the forgery? For example, the drawer’s signature [...]

What you need to know about check fraud

What you need to know about check fraud

You’re probably aware of the numerous ways scammers try to con money out of victims through the Internet. What you may not know, though, is that in the past few months many scammers have [...]

Check fraud remains pervasive with new scam channels evolving

Check fraud remains pervasive with new scam channels evolving

Despite a steady drop of checks in circulation, check fraud remains stubbornly pervasive. The expansion of deposit channels – including mobile and remote-deposit capture – has made preventing fraud more difficult. High Point, N.C.-based Advanced [...]

Counterfeit check fraud prevention

Counterfeit check fraud prevention

Reports of counterfeited consumer and business checks continue to pour in from financial institutions across the nation. Counterfeit check fraud results in two types of risk exposure: Exposure to the depository financial institution Exposure to [...]

How can credit unions cut check fraud nearly in half?

How can credit unions cut check fraud nearly in half?

Check fraud accounts for 35% of industry fraud losses. In addition, with the growing popularity of new deposit channels – particularly mobile deposit – fraudulent deposits exploiting paper checks are rising again. Greensboro, N.C.-based cybersecurity [...]

Social media scheme hits six credit unions

Social media scheme hits six credit unions

Six small and large New York credit unions and their members were victimized in a $100,000 social media check fraud scheme. New York Attorney General Eric T. Schneideman filed a 19-count indictment July 29 [...]

Navigating the check fraud landscape

Operational strategies to match the current scene by. Andrew Tilbury Even with check usage declining, credit unions struggle with finding effective ways to protect their members from losses from returned items, counterfeits and forgeries. Fraudsters [...]

5 Money Scams to Watch Out For

5 Money Scams to Watch Out For

BY BISHOY AYOUB Thieves have evolved their schemes when it comes to fraud. There are many types of scams out there and identity swindlers are always looking for their next victim. We’ve compiled a [...]

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