FRAUD: Could It Happen to You? Your Business Check is Already a Target!
Fraud continues to grow at an alarming rate, reaching $660 billion in 2004¹. That’s more money lost to fraud every year than the entire 2005 U.S. military budget, including campaigns in Afghanistan and Iraq²! Law enforcement and our judicial system would like to get tough. However, with their emphasis on violent crimes, drugs and homeland security, resources are stretched too thin to provide an effective deterrent to financial crimes. This means the only practical defense against fraud damage and loss is to protect yourself!
The good news is that protecting yourself makes a big difference. The likelihood of your organization becoming a victim is substantially reduced by taking a few simple and economical steps. The average attack rate for commercial checks is one in 1000 items, but well protected checks are attacked at rates less than one in 100,000³.
Standard has earned a reputation as a leader in document security with its innovative secure-document technologies and nearly a century of experience working with a business, industry and government. We are firmly committed to helping our clients deter fraud and mitigate risks by sharing our expertise and continuing to develop new technologies to meet emerging document security issues.
Get straight answers and knowledgeable assistance with your document security challenges. Learn what steps you can take to protect your business checks and other vital documents from fraud and loss. Your Standard Register account representative is a security specialist who will evaluate your processes, procedures and documents to gain a full understanding of your risks and what steps you can take to mitigate them.
- ACFE 2004 Report to the Nation on Occupational Fraud and Abuse
- $474B according to the 2007 budget of the United States http://www.gpoaccess.gov/usbudget/fy07/browse.html
- Calculated by viewing published industry fraud measures against the population of commercial checks.