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Technology may be wonderful for business, but it's also great for crooks. Electronic publishing, scanners, and high-quality color laser printers and copiers have made it easier than ever for forgers to commit check fraud.
Check fraud is a relatively low-risk crime that can be highly lucrative for the perpetrator--but costly for you. Annual losses are in the $10 billion range, and more than 1 million bad checks enter the banking system each day, says Alfonso Guerra Sr., president of Printech, a Miami-based software developer and business forms distributor. Here's how to protect yourself:
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