PYMNTS

JANUARY 31, 2019

In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud. The 52-member UAE Banks Federation recently unveiled new approaches to address check fraud activities, such as counterfeit checks, including enhanced encryption technology and unique QR codes on newly issued checks.

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PYMNTS

JUNE 10, 2019

The group’s genesis traces to West Africa in 2008, where Craigslist was used as a conduit to send counterfeit checks. The group has evolved from a “one-man shop” that originally scammed victims on Craigslist , and now has dozens of fraudsters targeting smaller firms through BEC — with an emphasis on U.S.

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Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

JULY 25, 2018

“We discovered counterfeit checks and ACH debit fraud on an account that did not have Positive Payee feature or ACH debit block because of the urgency to open account,” one survey respondent recalled.

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Scams AFP Business Email Compromise Wire Transfer 55

PYMNTS

MARCH 18, 2020

Amateurs and criminal gangs, he noted, will pinch checks directly from mailboxes. Professionals will set up advanced printing shops to create scores of professional looking counterfeit checks.

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Finovate

APRIL 11, 2024

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft.

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Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

PYMNTS

JULY 12, 2020

financial infrastructure by tracking fraudulent wire transfers, counterfeit checks and combating counterfeit currency,” the release states. Before the merge, cybercrime investigators required extra training to conduct computer forensic investigations, exams, trace internet addresses and collaborate with tech companies.

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PYMNTS

NOVEMBER 17, 2020

So, it might start with a counterfeit check, but it comes from social engineering from social media,” she offered as an example. And on top of it all, as People’s United Bank’s Boyer noted, there’s still old fashioned fraud with which to grapple, too. “So,

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Authentication Online and Mobile Banking Financial Crimes Mobile Banking 78