Modernizing Omnichannel Check Fraud Detection

Recording Future monitors 700 Telegram Channels for Stolen Checks in H1 2024 85% of stolen checks are likely “reposts” High concentrations of stolen checks are in metropolitan areas Telegram is a major communication channel leveraged by criminals due to its encryption and anonymity. This makes it an attractive method for selling stolen checks. Previously, we…

IRS is prepped for the 2025 tax season The organization has had a boost in number of personnel The IRS plans to fight AI with AI The 2025 tax season is now upon us, and we all know what that means…fraudsters are ready to pounce on billions of dollars in tax refunds. In 2023 to…

Payments fraud continues to be a growing problem Smaller financial institutions face bigger challenges Practical fraud prevention measures are available for small banks and credit unions Our friends at Advanced Fraud Solutions kicked off the new year with recommended strategies for credit unions and community banks to combat mobile check deposit fraud in 2025. The…

Post Office “Inside Jobs” are a concern New hires may be involved in activities like mail theft, fraud, and other criminal acts “As bad as you think it is, it’s much worse!” It looks like the U.S. Postal Service is being infiltrated by “opportunistic” new hires who are not interested in delivering mail, but rather…

GoFundMe can be a wonderful tool to help people As expected, fraudsters have targeted this tool As last line of defense, banks need to be aware of this threat Our Modernizing Check Fraud Detection blog allows readers to access myriad topics — from trends and reports to the latest innovations for check fraud detection. However,…

James Bi of OrboGraph was a recent guest on the Wespay Payments Perspective Podcast The primary topic was how mobile deposit is leveraged by fraudsters Investment in tech is vital, as fraudsters are constantly evolving their techniques It is not a stretch to say that fraudsters LOVE technology — particularly when it comes to banking.…

“Deepfakes” are emerging as a threat Detection of deepfake material is getting harder and harder “It’s more important than ever to have a multi-pronged anti-fraud strategy.” As artificial intelligence (AI) technology continues to advance, a new type of media manipulation known as “deepfakes” poses significant challenges for businesses, governments, and individuals. Deepfakes use machine learning…

Financial institutions should take advantage of today’s advanced communication modes Attention to digital channels has left check security on a “lower tier” A multi-layered tech approach is the answer Over the past few years, OrboGraph’s Marketing Manager and Fraud Detection Specialist, James Bi, has traveled across the US speaking at various banking industry and payment…

Check fraud is being addressed by the Federal Reserve Their system, however, is only effective with checks processed through the Federal Reserve The best solution detects fraud activity across the entire check ecosystem Earlier in 2024, we took a deep dive into two tools from the FED to combat fraud: FedPayments Reporter for Check, which enables…