Check fraud is on the rise across the country, with financial institutions reporting a surge in altered, stolen, and counterfeit checks. Criminals are increasingly targeting mailboxes and using
sophisticated methods to wash or duplicate checks, leading to significant financial losses for individuals and businesses alike. The Federal Reserve has responded by launching a new online toolkit designed to help you recognize red flags, report suspicious activity, and safeguard your financial information.
These educational resources emphasize the importance of vigilance and proactive prevention. Consumers are encouraged to monitor accounts regularly, use secure mail options, and adopt digital payment methods when possible. The toolkit also provides guidance for businesses on how to train employees, verify transactions, and respond quickly to potential fraud incidents. As check fraud schemes evolve, awareness and education remain the strongest defenses against financial crime.
MVSB cares about keeping our neighbors safe from fraud and is committed to providing secure online tools, fraud monitoring, and financial education. With a focus on community safety and trust, we provide resources to help individuals and businesses detect and prevent scams. If you ever feel your accounts or identity may be at risk due to fraud, please contact us. We’re here to help.
