How cybercriminals turn paper checks stolen from mailboxes into bitcoin

  While cybercrime gets a lot of attention from law enforcement and the media these days, I’ve been documenting a less high-tech threat emerging in recent months: a surge in stolen checks.

  Criminals are increasingly targeting U.S. Postal Service and personal mailboxes to pilfer filled-out checks and sell them over the internet using social media platforms. The buyers then alter the payee and amount listed on the checks to rob victims’ bank accounts of thousands of dollars. While the banks themselves typically bear the financial burden and reimburse targeted accounts, criminals can use the checks to steal victims’ identities, which can have severe consequences.

Trump’s war on the Postal Service hurts all Americans

  Donald Trump has declared war on the U.S. Postal Service in order to make it harder for people to vote by mail. The pandemic has placed financial strains on the post office—and when coupled with a 2006 law requiring the Postal Service to pre-fund retirees’ health care benefits, a requirement that exists for no other public or private entity, it is no surprise that the Postal Service is facing significant economic burdens. Yet Trump has repeatedly refused to provide it with the necessary funding to continue effective operations, noting that “they need that money in order to make the Postal Service work so it can take all of these millions and millions of ballots.”