GRAND JUNCTION, Colo. (KJCT) - In the age of evolving financial fraud, it’s easy to overlook longstanding threats such as the Automated Clearing House.
While newer more sophisticated scams continue to capture headlines, ACH fraud continues to plague consumers and businesses alike, posing significant risks to financial security.
The ACH network has been facilitating bank-to-bank transfers since the 1960s and is still a prime target for fraudsters. Despite warnings from the FBI spanning decades, instances of ACH debit fraud are on the rise, contrasting with declines in other forms of payment fraud.