| Each
day hundreds of businesses are victims of check fraud and counterfeiting.
Furthermore, companies now fear measurable financial losses
due to counterfeiting of business documents beyond checks.
With this growing risk of fraud, it is increasingly important
to protect your legal documents. Take for instance company checks,
you could be liable if you do not protect your negotiable checks
by using ordinary care and due diligence. In the early l900s
the Uniform Commercial Codes or UCC had modifications made to
them that placed the business owner in a position where the
bank was no longer the sole responsible party should check fraud
occur.
If it is determined that the bank did everything they could
to prevent fraud loss and the business owner failed to protect
themselves, the loss is the responsibility of the business owner.
This could result in considerable financial loss, from the fraud,
loss of time investigating the crime, damage to your credibility
and worry over where you go to gain a higher degree of protection.
No amount of security can eliminate fraud. Rather, security
measures are designed to make it more difficult to commit fraud
and to discourage criminals from targeting your documents.
Document security can provide deterrence, prevention and authentication,
which will minimize the risk of having your checks and business
documents tampered with or duplicated.
There are a wide variety of security features available that
can protect against forgers and counterfeiters. The bottom layer
of any secured document is the quality of the security paper
which can provide an arsenal of security features. Add to this
any of the following: micro printing, fluorescent inks, bleed-through
MICR and Arabic number (for checks), rainbow numbers, thermochromic
ink, custom artificial watermark, guilloches, erasol inks, latent
images, holograms, special back printing, modulus audit control
numbering and many other very special features, your check security
has been increased many times.
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DOCUMENT FRAUD
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