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Article: Attempted Check Fraud Increases to $5.5 Billion

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Hoosier Banker
Article date:
January 1, 2005
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Attempted check fraud at the nation's banks rose to $5.5 billion in 2003, according to the American Bankers Association "Deposit Account Fraud Survey Report" released in November 2004. While attempted check fraud continued to rise, actual dollar losses remained relatively stable at $677 million, down slightly from the $698 million that banks lost in 2001, the last year of ABA's biennial survey.

Banks' check fraud prevention systems were credited with keeping actual losses significantly lower than the attempted fraud numbers. Attempted ...

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