Just about every article you read about fraud, security and identity theft is based on the idea that with increased technology comes increased security. In fact, we do everything we can to bring as much cutting edge technology to your defense as possible. Unfortunately, some of the greatest vulnerabilities in your security come from low-tech attacks.
It helps to think of your financial security as a metaphorical block of Swiss cheese. Every layer of security may have a few holes, just like every step you take to protect yourself has holes. The idea is that, if we put enough layers of cheese on top of each other, we can make sure that none of the holes go all the way through the cheese, leaving you vulnerable. In that spirit, we’ve identified a low-tech hole in the cheese, and we’re putting down another layer. We’d like to make sure you put down some cheese, too.
Check fraud is still a major problem, and it could get worse as EMV chips and software security make ATM and point of sale transactions more secure. Check fraud is an umbrella term for a variety of strategies scammers use, ranging from creating blank checks on computer software to stealing and using old checkbooks. Your checkbook is a source of fraud vulnerability for many of these strategies, but the ways to protect yourself are fairly simple.