Barbara Hurst

Distributors can help customers battle check fraud through education and innovation. Asked for the latest statistics concerning check fraud, Barbara Hurst, executive editor of the newsletter Bankers' Hotline, editor/moderator for BankersOnline.com, and president of Pennsylvania-based Hurst Associates—security and compliance training specialists—responded, "You can get as many guesstimates as there are experts guessing." Hurst said it's a given within the industry that FBI and American Bankers Association (ABA) figures on the subject are "way, way low," since many losses are not reported but simply charged off. However, she cited an in-depth study conducted approximately five years ago by U.S. News and World Report

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