As technology continues to advance, check crimes are on the rise, posing a significant threat to consumers. Despite a decline in check usage, fraudsters exploit this payment method, viewing it as less secure than some digital payment technologies.
This issue begins rising during tax season, as criminals are actively targeting tax refund or tax payment checks. To help protect consumers, Wells Fargo Fraud expert Joe Bernardo offers valuable insights in an editable Video News Release (VNR) [Password: WF33].
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The video provides information on the evolving threat of check crimes and shares tips to help consumers protect themselves.
Understanding Check Crimes: Joe Bernardo explained that the two main categories of check crime are fraud and schemes, which are used to commit crimes including check theft, check washing, and check forging.
Common Check Schemes frauds are:
- Overpayment/online sales schemes
- Social media schemes
- Lottery or prize schemes
- Fake job schemes
SEE ALSO: Check fraud stemming from stolen mail prompts feds to issue new warning
Consumer Tips to Avoid Check Fraud/Schemes: Several consumer safety tips are:
- Ditch checks and use digital payment options when possible
- Set up account alerts and review accounts frequently
- Wait to use or transfer funds
- Use non-erasable black gel ink if you must write a check
- Go directly into the Post Office if you must mail a check
- Confirm with the payee
As check crimes continue to evolve, staying informed and vigilant is crucial for consumers to protect themselves from these threats. We hope you’ll consider using these safety tips to help prevent any important consumer information from being released.
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