Check Fraud Will Get Even Worse in 2024. Discover new tactics to combat it.

Last year, FinCEN reported that check fraud cases almost doubled from the previous year. This crime will worsen in 2024 as thieves steal more mail and take advantage of the long time that elapses before victims notice the fraud. The check payment system is the least secure of all payment systems, and organized crime rings are cashing in.

You need to implement a better strategy for the new year by discovering today’s effective techniques to identify, mitigate, and allocate check fraud loss.

• How do organized crime rings operate?
• What steps can you take internally to reduce fraud loss?
• How should you update account agreements to minimize your liability?
• What is your customer’s responsibility to protect their account?
• How can you enforce customer responsibilities?
• How should you handle accounts after fraud occurs?
• Which bank is liable for loss according to return rules for checks?
• How can you create a local Financial Crimes Network?