According to Fraud.org, checks were targeted as the most prevalent vehicle in 2013, accounting for 23% of all gamuts. They can happen in your store or online and can burn your profits, give you headaches, and cause you to waste time recovering what is rightfully yours – payment for goods and services. They’re not all as obvious as the notorious Nigerian check, and some are downright clever.
Nearly 7% of the population over sixteen years old – that’s 17 million Americans – had their identity stolen last year. 85% of them had their bank account or credit card breached. Over a third suffered severe emotional stress, almost a third endured the problem for over a month, more than one in ten was robbed – and nine out of ten had no idea how it happened.