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News

Navigating the Risks of Check Fraud

  • 18 March 2024
  • Author: machele
  • Number of views: 1534
  • 0 Comments
Although digital transactions are growing exponentially, check fraud remains a persistent threat to you and your business. The Federal Reserve processed just over 19 billion paper checks in 1993, compared to 3.4 billion in 2022. While fraudsters may target paper checks sent and received by individuals, business checks are likely to be more valuable because business accounts are often well-funded. Plus, businesses may take longer than individuals to detect check fraud.
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