SPONSORED CONTENT PRESENTED BY NAVAERA WORLDWIDE
Check fraud is no longer a manageable background risk for banks and credit unions. It is driving losses, slowing teams down and exposing gaps between deposit channels that many existing controls were not built to catch fast enough. Fraud leaders are being asked to reduce exposure, improve consistency and strengthen controls without adding more operational drag.
According to the Federal Reserve and FinCEN, check fraud remains a persistent threat to financial institutions, with mail-theft-driven schemes and related losses continuing to pressure the market. At the same time, examiners are placing greater emphasis on RDC governance, cross-channel visibility and documented fraud-mitigation controls. For many institutions, the issue is no longer whether check fraud needs more attention. It is how quickly current controls can be…
Treat every unsolicited “urgent” communication from a bank or government agency as a potential “Vishing” or “Smishing” attack, regardless of how official the branding or phone number appears.