Americans and small businesses are suffering from check fraud, according to a recent Abrigo report. Forty-five percent of respondents report being a victim of financial fraud, and 17% of that group report experiencing check fraud in particular — potentially more than 20 million people.
According to the report, 51% of check fraud victims had been targeted two or more times. The survey also found that small business owners more often were victims of financial fraud than others, with 57% reporting they’ve been targeted. They also dealt with more check fraud too: 60% of small businesses experiencing check fraud reported two or more instances.