Top strategies to safeguard your business against check fraud

In 2023, the Financial Crimes Enforcement Network reported a staggering 90% increase in suspicious activity reports related to check fraud compared to 2021. According to the report, Florida ranked as the second most financially scammed state in the US Businesses feel the impact through legal costs and financial strain and can experience an impact in trust with customers. Check fraud encompasses a range of deceptive activities, including forgery, alteration and the use of counterfeit checks. In…