Why Check Fraud Is Spreading and So Hard for Banks to Prevent

Low-tech check fraud remains a high-cost problem for banks even as new technology and investments promise solutions for fighting this rising crime. Its range of methods, speed, and varied levels of sophistication make check fraud hard to detect and difficult to stop at its source. As regulators and experts point out, check fraud is really a series of crimes: the acts committed to steal the checks (including violence) and the various deceptions, including altering and counterfeiting, that occ…