Check Fraud Prevention Guidebook

This guidebook serves as a comprehensive resource for organizations aiming to identify and prevent check fraud. It outlines the significant threat posed by check fraud to businesses, highlighting that 65% of organizations have experienced actual or attempted fraud. The document details various common tactics employed by fraudsters, including check altering, counterfeit checks, forged checks, endorsement fraud, duplicate presentment, and mobile deposit fraud. Each tactic is explained with a focus on how they occur and the potential vulnerabilities they exploit. The guidebook also presents best practices for prevention, emphasizing the importance of secure check handling, employee training, and the implementation of fraud mitigation tools. Additionally, it discusses alternative payment methods that can enhance security. By equipping organizations with knowledge about these fraud schemes and preventative measures, the guidebook aims to help protect businesses from financial losses and operational challenges associated with check fraud.