New Report Reveals Growing Small Business Check Fraud Problem
View the full release here: https://www.businesswire.com/news/home/20231107781210/en/
- View the full release here: https://www.businesswire.com/news/home/20231107781210/en/
The Mitek report revealed that nearly a third (31%) of small businesses have been victimized by check fraud in the past year. - In addition, among the small businesses affected by check fraud, a total of 65% reported losses exceeding $50,000 – a significant sum of money for a small business to absorb, especially in uncertain times.
- Small businesses underpin the American economy, with 33.2 million small businesses across the U.S., according to the Small Business Administration.
- “The findings in Mitek's 2023 Mobile Deposit Benchmark Report show the heightened need for comprehensive fraud protection solutions designed to cater to the needs of small businesses."