Check Fraud Increases As Criminals Evolve
Check fraud increased 84% between 2021 and 2022, to 680,000 reported cases, according to the U.S. Department of the Treasury. Part of this growth stems from the fact that check fraud has become easier and more accessible. Cybercrime groups are openly hawking fraudulent check schemes on the Telegram messaging app. Check fraud started rising during the COVID-19 pandemic partially due to stimulus programs. Criminals made easy money by stealing...
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