Checking, Credit and Debit Card Accounts
Checking, credit and debit card accounts are all potential targets for bank check fraud - and it doesn't matter how many checks a person writes each year. Even if an account owner writes only one check each year the account is still vulnerable to bank check fraud.
Fraud perpetrators attack checking, credit and debit card accounts because they have cash and secured and unsecured credit lines. Sometimes called 'account hijacking' this is one of the fastest growing types of fraud. See Ethent Notes: "Account Hijacking" for a brief discussion of this type of fraud.
Many financial organizations now require two-factor authentication for account access or funds transfer, because they believe that this additional level of authentication will reduce fraud losses - see Ethent Notes: "Two-Factor Authentication" for a brief discussion.
See Interactive Demonstrations: "Two-Factor Authentication" for a hands-on presentation of a two-factor authentication system.