Skip to content

#OrboIntelligence Check Fraud Resource Hub

Your centralized resource for primary and secondary research, industry trends, and 3rd party reports.


Welcome to the #OrboIntelligence Check Fraud Resource Hub

Over the past 3 years, the banking industry has seen a meteoric increase in check fraud -- even with a decrease in check volumes. Traditionally the industry relied on the ABA Deposit Account Fraud Survey as the primary resource for data and trends on check fraud. However, today there are a wider range of resources available with a new report being published virtually every month.


To better serve the industry, OrboGraph not only executes its own research, but is taking a leading role in consolidating these materials into a centralized hub. In the fight against check fraud, the more information that is readily available, the better outcomes we as an industry can achieve.


We hope you find this hub to be beneficial. Please email if you would like to suggest/add additional resources or reports.

Financial Crimes Enforcement Network (FinCEN) Alert

In 2021, financial institutions filed more than 350,000 Suspicious Activity Reports (SARs) to FinCEN to report potential check fraud, a 23% increase from the previous year. That upswing continued into 2022, when the number of SARs related to check fraud topped 680,000.

Source: CNBC

InfoSecurity Risk: Check Fraud Series

Check Fraud: What Hurdles
Are Facing Banks?

Georgia State's David Maimon on Why Banks Have Not Been
Able to Tackle Check Fraud

New Tools and Integration Are
Detecting Check Fraud Faster

Trace Fooshee of Aite-Novarica on
Detecting Fraud With Image Analysis Solutions



BAI: The State of Fraud in Financial Services

  • Check fraud still ranks among the top fraud in both 1st and 3rd party fraud
  • Check fraud is ranked 5th in reported fraud by customers
    • Frank McKenna, the Co-Founder and Chief Fraud Strategist for PointPredictive, notes that a potentially $1.2B that is not reported to banks.

BAI Executive Report: Finding an edge in fraud’s cat-and-mouse game

This BAI Executive Report examines where things stand with fraud protection and how it can be done more efficiently and effectively, including looking at the role of both humans and technology in fraud prevention strategies.

Topics Include:

  • The art and science of fraud prevention
  • Deposit accounts in the fraud crosshairs
  • Banks need to be ready for better deep fakes
  • Fraud detection is faster, yet still too slow
  • Striking a balance between fraud and friction
  • Managing the risks and rewards of faster payments
  • Mitigating the challenges of "piggybacking"
  • Protection from check fraud in a digital world

Click here to download the report.


2022 NICE Actimize Fraud Insights Report

NICE Actimize notes that they experienced an increase of 8% in check transaction volumes in 2021 and an increase of 106% in attempted fraud dollar value or checks in 2021.


2020 ABA Deposit Account Fraud Survey

The 2020 ABA Deposit Account Fraud Survey collects baseline information on check, debit card, and electronic payment fraud losses, and the actions taken by banks to reduce these losses. This bi-annual study is regarded as a major resource for check fraud.

Click here to download the report.


PwC’s Global Economic Crime and Fraud Survey 2022

PwC's Global Economic Crime and Fraud Survey 2022 respondents reported total losses of US$42B, on top of the damage to brand, reputation and market share.

Exploration of Check Fraud in 2020

OrboGraph's Exploration of Check Fraud in 2020 is a compendium of data gathered from a short, focused survey which was designed to "take a snapshot” of check fraud trends for 2020.

This survey was delivered to financial institutions that include small community, regional, and large US banks. We designed questions to identify trends involving check fraud attempts and losses for both on-us and deposit fraud. Each question was tabulated with overall totals as well as cross-tabulated by size of organization.


  1. On-us check fraud attempts: significant increase
  2. Deposit check fraud attempts: modest-to-significant increase
  3. On-us check fraud losses: low-to-modest increase
    1. Community banks seeing stable or reduction in losses
    2. 5-20B and 21-100B seeing modest increases
  4. Deposit check fraud losses: modest increase
    1. Community banks seeing stable or reduction in losses
    2. 5-20B and 21-100B seeing modest increases
  5. Community bank responses are generally experiencing less fraud attempts then mid to large banks

2022 Gartner® Market Guide for Online Fraud Detection

As online fraud detection grows beyond traditional use cases, what qualities should security and risk management leaders look out for in a solution? Get key recommendations for navigating the online fraud detection market from Gartner Research.

Read the Market Guide to learn:

  • Why businesses should favor vendors with global networks for effective fraud detection
  • How to derive more value from online fraud detection solutions
  • What key developments are expected in the online fraud detection market

Click here to download the report.

Sift Cover

IDology: The Cost of Fraud: B2B Payments Experience 10% Increase During the Pandemic

  • 69% of companies reported an increase in year over year fraud attempts
  • This is an increase of 53% compared to the prior year
  • Only 14% reported a decrease in fraud attempts
  • 18% reported that it stayed the same

2021 AFP® Payments Fraud and Control Report

  • In 2021, checks and ACH debits were the payment methods most impacted by fraud activity (66 percent and 37 percent, respectively).
  • Sixty-eight percent of organizations were targeted by Business Email Compromise (BEC) in 2021, which is a sharp decrease from last year’s figure of 76 percent and the second lowest figure since AFP began tracking this data.
  • Accounts Payable (AP) departments are most susceptible to BEC fraud, 58 percent of respondents report that their AP department was targeted by email scams.
  • The majority of organizations (two-thirds) is validating payment beneficiary information either through their vendor/bank or by using an external service


LexisNexis: The True Cost of Fraud Study

  • $4.00 in Fraud Costs per $1.00 Fraud Loss
  • Fraud costs rise 19.8% since 2019

Fraud/ol/ogy Podcast -- Hosted by Fraud Fighter Karisse Hendrick

Source: Fraud/ol/ogy Postcast


Fraud Fighter Karisse Hendrick has taken her passion for the world of fraud prevention and chargeback reduction and created the Fraud/ol/ogy Podcast. On the podcast, Karisse dives into all areas of Fraudology from the perspective of a fraud-fighter.

In this podcast, Kendrick speaks with Frank McKenna (from the popular blog "Frank on Fraud") about another growing fraud trend impacting the US especially. Physical Check Fraud. While many may assume that check fraud ended when credit card fraud became popular, it is getting a resurgence. In fact, check fraud utilizing stolen, physical checks is so lucrative that it has been the reason for a steep uptick in physically violent attacks on US Postal Workers.

The podcast also references Frank Albergo, the National President of the US Postal Police Officers Association who frequently posts news articles about the postal worker violence and David Maimon of Georgia State University who posts great information & research on the topic of check washing & physical check fraud.

Georgia State University’s Evidence Based Cybersecurity Research Group

  • 5,300 stolen checks sold on the dark web from 60 tracked chat rooms
  • Estimated $10M to over $30M in Check Fraud Losses Due to Mail Theft


FRAUDWIT - Fraud Education and Satire takes an alternative approach to fraud education.  With short, quirky, and humorous articles and other content, the site opts to teach using satire.  Content is created with two groups in mind; consumers and fraud professionals.  Information to consumers is used to prevent victimization while information directed towards anti-fraud professionals is to catalyze the industry and address fraud fighting fatigue (FFF).

Click here to visit FRAUDWIT.


Frank on Fraud Blog

Highlights from blog:

  • Frank McKenna, the Co-Founder and Chief Fraud Strategist for PointPredictive, notes that a potentially $1.2B that is not reported to banks in 2018.
  • Mailbox keys are worth up to $7,000 on the dark web -- fueling postal mailbox and carrier robberies
  • Armed robbery against postal works has surged 300% from 2018 to 2021
  • In the past 2 years, there have been over 2,000 assaults and robberies of postal carriers


Blog posts on check fraud:

check-fraud-infographic-May-2020 v2

Source: Frank on Fraud Blog


Abrigo Webinar: Check your checks and imposters: Latest fraud trends (2022)

To your knowledge, how large of a percentage is check fraud of total bank account theft?

  • 0% - 30%

  • 31% - 60%

  • 61% - 80%

  • 81% - 100%


Additional Check Fraud Resources

AI Forensic Fraud is the latest technology for signature verification.

Interview: Forensic Document Examination: Impact on Banking, Fraud, and Payments

Forensic document examination is foundational to OrboGraph’s OrbNet Forensic AI technology...


Click here to download the interview.

fraud prevention world cropped

#OrboZone Fraud Detection

Check fraud continues to technologies can combat these bad actors...


Click here to see Fraud Detection technology advancements with our videos and photo gallery...


Article: OrboGraph Recognized as 2021 “Top 5 Fraud Detection & Prevention Software Companies”

OrboGraph featured in the article: New Innovations
In Imaged-Based AI Fraud Detection


Click here to read the article.

Modernizing Omnichannel Check Fraud Detection Blog

How Threat Actors Are Preying on Silicon Valley Bank Collapse

Introducing the "Threat Actor" Threat Actors respond to news trends and resultant anxiety The fall of Silicon Valley ...
Read More

Report: First-Party and Third-Party Check Fraud Increase 78% and 74% in 2022

Aite-Novarica Group fraud executives at Aite-Novarica Group's 2022 Financial Crime Forum Check fraud and scams are growing disproportionately ...
Read More

mRDC: “Double Presentment” Check Fraud

Mobile remote deposit capture, or mRDC, is wildly popular among banking consumers - and why not? Upon receipt ...
Read More

Stolen Checks: What Information is Exposed for Fraud?

Checks contain many "exposure components" Fraudsters can use one of more of these components to instigate theft Banks ...
Read More

FinCEN Warning: Check Fraud Related SARs Nearly Double in 2022

FinCEN reports a large increase in check fraud They characterize it as a "nationwide surge" Physical checks via ...
Read More

With Check Fraud Rising, Credit Unions are Investing…Less? reports that there is a fairly glaring disconnect between credit unions and their members when it comes ...
Read More

Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.