It is amazing the extent a thief will go to get what he or she wants with stolen checks. One of the most common today is check washing.
This procedure is done by using chemicals to remove the handwritten
information by the check owner, except for the signature of course, and the thief puts in their desired information.
The 2009 ABA study estimates there were 760,955 cases of check fraud in 2008 with actual losses estimated at 1.024 billion.
Checks were the payment format most frequently targeted for fraud, with 93% of attacked organizations reporting that their checks were involved. These types of losses are hard to recover because the signature is that of the check owner.
Checks are stolen from purses, mailboxes, workplace, parties, etc.. Thieves even have special devices to get into locked mailboxes.