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Did you know that a surge in mail theft is fueling a significant increase in check fraud? Mail theft has surged by 87% between 2019 and 2022, with 680,000 reports of check fraud filed to FinCEN in 2022. This increase is driven by mail theft incidents involving letter carriers, which totaled 305 in the first half of 2023. High-volume mail theft from blue collection boxes has exceeded 25,000 cases in the same period. The risks of check fraud are escalating. Criminals alter or counterfeit stolen checks, leading to significant financial losses. FinCen sent out an alert in February of this year in close collaboration with the USPS that underscores the importance for financial institutions to fortify their defenses against such threats. Protect your checks by using secure mail options and stay vigilant. For more tips on check fraud prevention, follow us at Refine Intelligence >> www.refineintelligence.com

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