Paul Benda - Risk Fraud and Cybersecurity

If you write paper checks and mail them for bills or birthday cards, you’ll want to pay attention. Check writing has sharply declined in recent years, yet check fraud has nearly doubled since 2021, according to a 2023 report from the Boston Fed. Criminal groups are often draining bank accounts by altering one single check. Doug spoke with Paul Benda, Executive Vice President of Risk, Fraud and Cybersecurity at the American Bankers Association, is available to discuss the rise in check fraud, phishing scams and how the two ABA campaigns hope to educate consumers.