Too lax on cheque security
THE EDITOR, Sir:
The Sunday Gleaner story regarding the increase in fraud in the banking sector is interesting. I have been in the cheque fraud prevention business for many years and travel worldwide to investigate issues of document fraud.
I never cease to be amazed at the very poor quality of cheques and other valuable documents. Documents that are used to transfer huge sums sometimes have no security features at all. We make it far too easy for the criminal who works full time on these projects covering lots of different documents.
It will not go away until you do something about it. This can be expensive. If it were cash, a security van with armed guards would be used. When we write a cheque, almost no security is used. It doesn't make sense. This will not go away without action, and the criminal will get more confident and use more sophisticated methods.
There has to be a radical change in cheque design and security to make cheques safe. Until then, this problem will not go away.
West Yorkshire, England