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Modernizing Omnichannel Check Fraud Detection

The Dark Web: Gmail Now Keeping Bank Accounts Safe?

June 7, 2023

The Dark Web is being successfully utilized more and more by fraudsters Email addresses can be harvested via legitimate web sites Google has responded with new security features In earlier posts we’ve mentioned the Dark Web and how it’s becoming a more and more accessible “market” for fraudsters — and a danger to unwitting visitors…

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Check Washing Experiment: Putting Gel Ink Pens to the Test

June 6, 2023

“Check washers” remove original written info from checks to create forgeries Demand for these checks has led to thefts and assaults Gel pens have been touted as “wash-resistant” A few weeks ago we explored the utility of Gel Ink Pens as shields against check fraud. A WSAW-7 consumer alert cited gel pens as a simple way to…

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Alloy Survey: 75% of Credit Unions Report Fraud Losses Over $500K in 2022

May 31, 2023

Credit unions are hit hard by fraud While needing to combat fraud, credit unions do not want to impair the customer experience The answer is automation In the banking world, fraud has hit hard. Fraudsters have evolved their tactics, blending old school techniques such as check washing with new technologies such as leveraging the dark…

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New Approaches For Check Fraud Detection: Technology, Partnerships, and Consortiums

May 30, 2023

Check fraud is rising quickly There is an “open market” aiding check fraud on the internet Many banks grew complacent during a period when check fraud was stable Suparna Goswami, Associate Editor at ISMG, spoke to Trace Fooshee, strategic adviser at Aite Novarica Group, about problems banks have been facing in addressing the precipitous rise…

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OrboNation Newsletter: Check Processing and Fraud – May 2023

May 26, 2023

In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.

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YouTube Tutorials: From Check Washing to Digital Counterfeiting

May 24, 2023

Check fraud is a growing problem “Lessons” in creating fake checks are available online YouTube is home to many tutorials One of the more disturbing aspects of mounting check fraud — beside the fact that postal workers are being physically assaulted to get “raw material” and mail drop box keys — is the fact that…

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NICE Actimize: Attempted Check Fraud Up +171% in 2022

May 23, 2023

Check fraud continues to rise Check fraud has grown disproportionalty compared to other channels Checks haven’t changed in decades, making an easy target The latest NICE Actimize article is available for download, and it’s called Check Fraud Running Rampant in 2023. Talk about getting to the point! The report is full of valuable information and…

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Check Fraud: Understanding the Elements and Bad Actors

May 17, 2023

The web offers easy-to-acquire resources for fraudsters Less knowledge and effort than ever is required to accomplish check fraud Fraudsters often get caught because they flaunt their ill-gotten gains on social media Infamous Ghost Money, a masked YouTuber whose channel about “fraud awareness and prevention” has been featured in our blog previously, recently discussed the…

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USPS Announces Joint Project Safe Delivery Initiative to Curb Stolen Mail/Checks

May 16, 2023

Mail theft is increasing Physical assaults on mail carriers hadn’t been addressed up to now USPS and the Postal Inspection Service have announced a crackdown on robberies and mail theft A few weeks ago we talked about how mail theft is on the rise — as check fraudsters seek to acquire more “raw material” from…

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Gel Ink Pens — Important Tool, But Not Enough to Stop Check Fraud

May 10, 2023

Mail theft is on the rise, including theft from mail carriers Thieves are looking for checks that they can “wash” and cash The kind of pen used can deter check washing Every time you check your favorite source for news — both locally and nationally — it is inevitable that you will run across numerous…

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