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Fraud Prevention Blog

Think counterfeit currency isn’t still a problem? Think again…..

Posted by Sean Trundy on Thu, Mar 04, 2021 @ 09:19 AM

A quick perusal of recent news stories using the keyword “counterfeit money” reveals the most simple and clear evidence that counterfeiting of US dollars is still a thriving industry. Many people assume that – with the pandemic causing lower volumes of in-store transactions - counterfeiting activity would similarly be much lower. But the data does not support this.

Topics: counterfeit news, counterfeit fraud, counterfeit fraud prevention, counterfeit detector, counterfeit bills

$136,000 in Counterfeit Dollars Seized by CBP

Posted by Sean Trundy on Wed, Feb 03, 2021 @ 03:08 PM

Two Packages, $136K of Counterfeit Currency CBP Officers in Chicago Seize Shipments Containing Funny Money

https://www.cbp.gov/newsroom/local-media-release/two-packages-136k-counterfeit-currency-cbp-officers-chicago-seize

Topics: counterfeit fraud, fraud prevention protection, counterfeit detector

Counterfeit Money vs. Your Bottom Line

Posted by Stephanie Cho on Tue, Dec 29, 2015 @ 10:01 AM

Can you tell which twenty is fake? The twenty on top is real and the twenty on the bottom is counterfeit.

Popular culture would have you believe that the Secret Service is an agency whose sole responsibility is providing security to the President of the United States, but they are actually an agency that deals first and foremost with financial crimes – mostly counterfeit money. In fact, the Secret Service was initially created not as a protection detail outfit, but as a method of counterfeit cash suppression.

It is the Secret Service who is called upon whenever counterfeit money turns up. And, if you’re following the news, counterfeit money turns up quite often.


Topics: retail fraud, counterfeit money, counterfeit money detectors, fraud, counterfeit detector, counterfeit

Preparing Your Business for the Fraud Liability Shift

Posted by Stephanie Cho on Mon, Sep 14, 2015 @ 08:56 AM

In the previous post, we discussed what EMV and the fraud liability shift are as well as how it will affect businesses, especially small businesses. In this post, we will focus on helping you build a successful strategy that will protect your business from the upcoming fraud liability shift as well as discuss why this strategy will help protect your business from fraud.

Topics: counterfeit detection, fraud prevention, fraud liability shift, fraud liability, emv, counterfeit detector, UV counterfeit detector