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Check fraud SARs surged over 700% in a decade, despite declining overall check usage Roughly three-quarters of retirement-age Americans still rely on checks, making them a target Regulators have launched an interagency Request for Information and working group to coordinate stronger anti-check fraud actions In August of 2025, we approached readers with the question: “Has…

Fraud will evolve through synthetic identities, deepfakes, mules, takeovers, and emotional scams Explainable AI reveals why fraud models flag transactions Banks need XAI to meet regulations, prove fair automated decisions, and continually refine fraud defenses How large of a challenge was fraud in 2025? Well, according to the Gasa Global State of Scams 2025 Report,…

Fraudsters build synthetic digital identities and exploit weak onboarding This makes every application into a potential new‑account attack Dynamic verification, behavioral analytics, and AI‑driven checks are essential to spot bot activity and identity reuse One of the major components of fraud are drop/mule accounts — particularly when it comes to new accounts and check fraud.…

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:…