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04/12/2023

For Your Review

The Rising Threat of Check Fraud Bank leaders face an ever-evolving threat landscape, but old-fashioned check fraud is growing increasingly concerning to the industry of late. The Financial Crimes Enforcement Network (FinCEN) put out an alert late in February informing financial institutions of a surge in check fraud connected with mail theft. Suspicious Activity Reports related to potential check fraud have been steadily increasing over the past three years, FinCEN said. In 2021, reports concerning possible check fraud totaled more than 350,000, representing a 23% increase from 2020. Last year, those reports nearly doubled at 680,000, according to the agency.…

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WRITTEN BY

Laura Alix

Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.

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