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Why is check fraud suddenly rampant? (www.bostonfed.org)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 1 year ago

Suddenly? Nothing sudden about it been going around for years.

From the article:

[In 2022], banks issued about 680,000 reports of check fraud, nearly double what they reported in 2021. And one expert predicted total check fraud will hit $24 billion in losses this year, roughly twice what it was just five years ago.

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