We all know what check fraud is. In fact, few trends have plagued the US fraud prevention community more than the resurgence of check fraud. Large-scale mail theft by organized crime and advanced counterfeiting techniques, which make forgery detection difficult, have created a wave of attacks that make fraud teams use words such as "rampant", "inundated" and "overwhelming".
So, can we stop talking about what check fraud is, and start talking about how to stop it? What works and what doesn't? Do we have a detection problem, or is it more complex than that? What's the Check Fraud Kill Chain, and how can we implement it effectively? Is there a light at the end of the tunnel (spoiler: yes, there is!).
Our team of practical experts - Karen Boyer, the amazing SVP Financial Crimes and Fraud Intelligence and all round bank fraud expert; Frank McKenna, the legendary host of Frank on Fraud and co-founder of Point Predictive; and Uri Rivner, co-founder of financial crime prevention companies such as BioCatch and Refine Intelligence - go straight to the jugular of check fraud prevention.
Key takeaways:
- Learn why check fraud is so difficult to detect and investigate
- Understand the check fraud kill chain
- Gain practical best practices for check fraud prevention
