According to a report from Experian, companies surveyed reported 59% had seen an increase in fraud losses in 2024. While many organizations are rightly focused on combating digital fraud, fraudsters are also still dialed in to check fraud.

Even despite a lower volume of checks in circulation, fraud operators are evolving their tactics and leveraging checks as a low-cost, low-technology vehicle for scams. We saw an unprecedented amount of fraud in 2024 and do not anticipate a decrease in 2025. Fortunately, Chelsea Groton Bank has systems in place to help businesses combat this type of fraud. Join us to hear from our Operations and Security personnel about this important topic. Register today!