Modernizing Omnichannel Check Fraud Detection

Artists are targets for the “Muse Scam” Scammers will present themselves as “helpful middlemen/agents” Reddit saves individual from becoming a victim of a fake check scam The targets for fake check scams know no bounds. This scam takes advantage of individuals who are not familiar with the funds availability rule within their banks. By the time…

Paper checks are the primary weapon in the world of B2B fraud B2B fraud is forecasted to increase, with paper checks leading the way Businesses disagree as to how to fight check fraud When it comes to business-to-business (B2B) payment fraud, checks lead the field. This is according to an article from Digital Transactions reporting…

Check fraud is not only a problem — it is the #1 problem for banks today New data reveals a breathtaking jump in check fraud Check fraud reporting is now less comprehensive than it once was “It’s clear now,” says Frank on Fraud in his latest blog post. “Check fraud is the #1 problem for…

Abrigo’s new report cites the “dark web” as a driver for fraud Potential check fraud of all types nearly doubled in 2022 Tech solutions are crucial in stopping check fraud attempts Modern day success owes much to technology. The advent of the computer, the internet, and mobile phones are just a few technologies that have…

An ex-fraudster provides inside information on fraud methods Checks are a target because they are inexpensive to spoof Fraudsters have favorite targets Recently, we covered insider check fraud and the reasons individuals perpetrate it — even when they may not need the money. But what about the other side of the coin? The professional fraudster…

Check alterations by employees can be an issue City government employees sometimes alter checks to pay themselves They are usually small amounts and therefor rarely attract attention Over the past year, most of the media coverage has spotlighted post office insider check fraud — where a postal employee is responsible or part of scheme to…

Check fraud is surging, particularly in business transactions Check fraud has a reputation as a low- or no-tech scam Scammers are “graduating” to high-tech strategies Abrigo’s new and informative downloadable PDF, Check Fraud: New Tech Driving Old School Scam by Kate Stoneburner, is a succinct look at the ways in which modern scammers are deploying…

Introducing the “Threat Actor” Threat Actors respond to news trends and resultant anxiety The fall of Silicon Valley Bank is the newest boon for Threat Actors The Cloudflare Blog takes a look at the activities of a specific category of fraudster, the Threat Actor, in relationship to news events like the collapse and takeover by the…