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Check fraud results in the loss of billions of dollars a year for banks, financial institutions and retailers, regardless of size or location. Identity falsification, in particular, formerly the specialty of professional forgers, has become widespread. Advances in technology are partly to blame. Highly-sophisticated and low-cost technology is now available to criminals, allowing them to hone their skills in creating counterfeit checks and forging signatures. The result is a new level of perpetrator sophistication that requires an increased level of alertness for institutions looking to protect themselves from check fraud losses. Banks and financial institutions are now turning to advanced fraud protection tools for assistance.

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