Easy check fraud technique draws scrutiny - Consumer Security - MSNBC.com
THE BANKS AND QCHEX DO NOT CARE ABOUT YOUR SECURITY
The article that is linked above is a required read for anyone who has a checking account. If you have a checking account, you could already be a victim of check fraud, especially if you do not judiciously follow your account activity. All that anyone needs in order remove money from your checking account is your bank's routing number and your account number (located at the bottom of every check). Don't believe me? Read the article. This is a fraud of epidemic proportions. From the article:
"the attorneys general letter to the Fed said one community bank surveyed demand drafts and found 73 percent to be fraudulent"
I urge everyone to thoroughly examine their bank statements and contact your bank immediately if there is anything questionable.
Tuesday, May 24, 2005
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