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Organized check fraud rings operate like businesses with defined leadership and roles as well as adaptable processes Key roles: orchestrators, source gatherers, production specialists, and money mules/runners, all compartmentalized Rings exploit speed, volume, and trust, using physical and digital methods to steal and alter checks Organized check fraud crime rings are not by any means…

RBC poll shows 86% of Canadians feel scam-savvy, yet 25% have already fallen victim to fraud Canadians fear AI-powered scams, deepfakes, and holiday fraud, yet many still take significant online shopping risks RBC urges verification, strong security, ongoing education, and advanced fraud technologies to protect Canadian consumers and financial institutions Over the past few years,…

Check fraud now acts as a lifecycle threat, tightly linked to account age Fraud shifts from synthetic-ID abuse on new accounts to sleeper-driven counterfeit checks Tenured accounts face collusion and takeover, demanding adaptive, AI-driven defenses tuned to lifecycle behavior. Check fraud is no longer a simple paper-based crime; it has become a lifecycle threat that…

Gen AI alters check amounts and names in seconds, with minimal prompts Generative tools scale fraud, rapidly creating large volumes of convincing counterfeit checks Multi-layered, AI-powered image and behavioral analysis best detects modern check fraud Way back in 2023, we wrote a post about how generative AI will be a major tool for fraudster to…

Check fraud losses continue to accumulate There are solid recommendations available to fight fraud Effective tools can be leveraged for protection As we near the end of 2025, many are wondering what the total losses will be from check fraud. While concrete numbers are not available, our friends at VALID Systems made a shocking prediction:…

Fraudsters exploit the payee field to alter checks and avoid detection Techniques include check washing, digital editing, and adding extra payee names Banks can use AI tools to identify alterations and strengthen payee field security While check fraud tactics have drastically evolved over the past decade, it is easy to overlook that fact that the…

Fraud losses in Canada reached $643 million in 2024 New laws require banks to improve fraud prevention and consumer protections Financial Crimes Agency planned for 2026 to fight economic abuse and scams While check fraud makes the headlines in the US, we are not the only country that is heavily affected. In a recent announcement,…

Criminals exploit data silos AI and knowledge graphs are essential for future fraud detection Banks must merge fraud, AML data for true investigative intelligence The landscape of fraud detection in banking is rapidly shifting as financial institutions wrestle with increasingly sophisticated, multi-channel threats. Markus Hartmann, market intelligence expert at DataWalk, provides a forward-looking analysis of the trends…