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... Signature to steal


With a move toward electronic banking, electronic checks, electronic processing, electronic signatures and identity theft it should be no suprise that checking accounts fraud is rising. Our deposits are electronic, virtually everyone has direct depostit and with online bill pay every corner of our. With Automated Clearing House (ACH) processing its the next big potential frontier for fraud.

With the huge increase of online payment transactions and the market to provide the ability to retailers there is the potential for the thieves or those with bad intentions to get in the system. With easier access than ever to banking, credit and personal information a would be thieve could go after your account for large sums of money or siphen small amounts of dollars from your account and hundreds or thousands of other consumer accounts in attempts to slip under the security sniffing measures.

As any market matures and goes through growing pains and misses your sniffer may be the only one to catch the cyber theif.