The Federal Reserve has released two new toolkit intended to support education and increase awareness about scams and check fraud. According to the Fed, the Scams Mitigation Toolkit and the Check Fraud Mitigation Toolkit will enable the payments industry to better identify and mitigate scams and check fraud.
The toolkits include modules on the basics of scams and check fraud, schemes/scenarios, and how to detect scams and fraud. The toolkits also include recommendations on how industry stakeholders can combat scams.
Read the Fed’s press release here.