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…
Never click on links in SMS messages or emails that claim your account has been “suspended” or that you have a “pending package,” as these are classic entry points for credential-harvesting malware.