Identity Theft: Check Fraud Making a Comeback
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An old form of Identity Theft is making a comeback. Prior to the rise of the internet, online commerce and phishing, Check Fraud was often chosen by Identity Thieves as a mean for tapping into unsuspecting consumers’ bank accounts. Check Fraud involved stealing or replicating a victim’s check, forging the victim’s signature, and providing a fake identification card if needed. Merchants became hesitant about accepting checks, and banks started issuing “Check Cards”, a bank issued identification card required for cashing or writing checks.
With the ultimate rise of the credit card, the internet, and online commerce, Identity Thieves shifted their focus to online Identity Theft. Such new medium provided Identity Thieves bigger rewards, better cover, and easier mode of operation.
As consumers are becoming better educated about online Identity Theft, and credit card companies are initiating better security and protection measures, it seems Check Fraud is making a comeback. New printing technology, and sophisticated mail theft schemes are luring Identity Thieves into their old methods… More…
Technorati Tags: identity theft, identity fraud, identity theft protection, check fraud
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