They have your checking account number on them. We also have had cases where people in vans using high-powered zoom lenses watch PINs being punched in. Also, there are all sorts of personal numbers taken out of trash bags and Dumpsters. When people are caught at this type fraud and go to jail, some of them run the operations out of prison. This will continue in the future.
Experienced bankers can sort out counterfeit money by touch.
Avenues for fraud. According to Consumer Reports, the dollar losses aren't the real problem for most victims. The real nightmare of identity theft can mean a ruined credit rating, rejected loan applications and worst it is mostly left solely to the stung consumer to straighten it all out. There are three bills in Congress designed to increase penalties for identity crooks. And the lending organizations, represented by the American Bankers Association, make assurances that new ways of number certification are staying a step ahead of the criminals.