In H1 2025, check fraud remains a major risk to US financial institutions: industry experts have predicted that check fraud consumer and business losses would reach $24 billion by the end of 2024, up $3 billion from a separate prediction made for 2023. Recorded Future® Payment Fraud Intelligence analysts observed a 31% decrease in stolen bank checks posted for sale on Telegram following that platform’s agreement to furnish authorities with user data to facilitate criminal investigations. However, analysis attributed this decrease entirely to fewer “reposted” bank checks. The volume of unique, new checks posted for sale on Telegram remained nearly identical between H1 2024 and H1 2025.