Fraud alert: check scams : 2016 | KPMG | OM

Fraud Alert: Check Scams

Fraud alert: check scams : 2016

Counterfeit checks are being used in a growing number of fraud cases across the GCC. In fact, globally check fraud can be a leading challenge for both individuals and businesses, including financial institutions. Advancing digital technology, in conjunction with the darker side of the internet, has made it easier to get hold of check stock (the paper checks are written on), MICR printers (which are used to write check and account numbers in magnetic ink on the check footer, and a signature (which can be scanned from a wide number of legal, as well as illicit, sources.

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Fraud alert

In this update :

  • How the fraud works
  • Which companies are most vulnerable?
  • How you can protect yourself and your business

Download the full report 

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