Holiday Scam Alert: Beware of Check “Whitewashing”

Scammers are ramping up activity during the holiday season, targeting checks sent through the mail. Reports indicate an increase in “whitewashing,” a method where criminals steal checks, alter payees, and adjust cash amounts to defraud bank accounts.

How “Whitewashing” Works

Once scammers intercept a check from the mail, they use sophisticated techniques to:

• Access your bank account information: Scammers analyze the stolen check to identify your account and its balance.
• Modify the check details: They change the payee and amount to withdraw significant funds, often just under the threshold that would trigger suspicion.

How to Protect Yourself

To reduce the risk of falling victim to this scam:

1. Avoid mailing checks: Use your bank’s secure bill pay app instead.
2. Monitor your bank account regularly: Check for unauthorized transactions or unusual activity.
3. Use secure mail services: If you must send checks, consider using a service with tracking and insurance.

The sophistication of these scams underscores the importance of vigilance and adopting digital payment methods. Stay safe this holiday season by protecting your finances against these deceptive practices.