No one is beyond the reach of con artists unless they employ basic security in their day to day financial transactions. Thieves can easily be thwarted by not making yourself an easy target.
Dishonest weights and measures, where the trademark of con artists when silver, gold or purchasing products from merchant's way before paper money made its appearance.
With the arrival of modern banking practices, check fraud is one of the predominant financial crimes. One needs to be aware of a few ideas to stay safe.
But, with the onset of paper money and modern electronic record keeping, these fallen souls resorted to other methods. Check fraud is reported to be the number one crime for fraudulent money transaction according to statistics.
For instance, consider home thefts and in store thefts. Studies support that most thefts are done by individuals working for and friends of the company. 80% of thefts are in house and equally divided between employees and delivery persons, so-called friends of the company. All research studies support these general conclusions.
A check can be stolen in transit and cashed by an unintended third person. When there are no safeguards, checks can be intercepted and cashed by someone whom it was not intended for.
Safeguards for bank check security are employed by all financial institutions and all adhere to American National Standards Institute's (ANSI) standards. One of the security features is the small micro sized print on a bank check that does not allow it to be photocopied.
Studies show that 90% of people will steal from you if they feel they can go undetected and if they have a perceived need and can rationalize their behavior.
Also, it should be reported, that 5% of the population will not steal. They would rather starve to death than steal because they are wired by strong ethical behavior and moral principles.
Altered bank checks are genuine checks with an added twist. The intended recipient can be altered or the account number details altered so a con artist can reap the benefit. Alteration will be either of the payee or the amount the check was written for.
Routinely check over your check supply. If necessary, reorder checks early as a preventative.
Counterfeits usually stand out by having a slightly different color to them or by smearing. Other features such as void pantographic when photocopied, security inks or chemical voids are other giveaways.
Dishonest weights and measures, where the trademark of con artists when silver, gold or purchasing products from merchant's way before paper money made its appearance.
With the arrival of modern banking practices, check fraud is one of the predominant financial crimes. One needs to be aware of a few ideas to stay safe.
But, with the onset of paper money and modern electronic record keeping, these fallen souls resorted to other methods. Check fraud is reported to be the number one crime for fraudulent money transaction according to statistics.
For instance, consider home thefts and in store thefts. Studies support that most thefts are done by individuals working for and friends of the company. 80% of thefts are in house and equally divided between employees and delivery persons, so-called friends of the company. All research studies support these general conclusions.
A check can be stolen in transit and cashed by an unintended third person. When there are no safeguards, checks can be intercepted and cashed by someone whom it was not intended for.
Safeguards for bank check security are employed by all financial institutions and all adhere to American National Standards Institute's (ANSI) standards. One of the security features is the small micro sized print on a bank check that does not allow it to be photocopied.
Studies show that 90% of people will steal from you if they feel they can go undetected and if they have a perceived need and can rationalize their behavior.
Also, it should be reported, that 5% of the population will not steal. They would rather starve to death than steal because they are wired by strong ethical behavior and moral principles.
Altered bank checks are genuine checks with an added twist. The intended recipient can be altered or the account number details altered so a con artist can reap the benefit. Alteration will be either of the payee or the amount the check was written for.
Routinely check over your check supply. If necessary, reorder checks early as a preventative.
Counterfeits usually stand out by having a slightly different color to them or by smearing. Other features such as void pantographic when photocopied, security inks or chemical voids are other giveaways.
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Great post!!Thanks for sharing it with us....really needed..Bank check styles are available in a limitless array of designs prints and patterns. Currently you’re able to add your own custom styles to checks or perhaps create your own image checks with customized check styles. Ordering online these days is a fun creative journey.
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