Definition: A scam in which the fraudster usually requires the victim to pay upfront a relatively smaller amount of money in order to process the payment of a greater amount of money. In some cases, the fraudster presents himself as a government/bank official who is processing the disbursement of a huge cash amount and requires […]
Check fraud is one of the biggest challenges that banks face with respect to fraud. Advancements in technology such as desktop publishing have made it easier to produce altered/forged, fictitious or counterfeit checks which look very much like the original. In almost all cases, cheque fraud begins when the fraudster gains hold of a legitimate […]