Recent data released by the Federal Trade Commission reveals the staggering extent of financial losses due to fraud. In 2022 alone, consumers reported a shocking loss of nearly $8.8 billion, marking an alarming increase of over 30 percent compared to the previous year. This upward trajectory shows no signs of slowing down.
While cybercrime receives significant attention, a concerning resurgence of more traditional threats, such as theft and fraud, is on the rise. Particularly, criminals have been targeting paper checks obtained from mailboxes and vehicles, exacerbating the risks faced by individuals and businesses alike.