Bank fraud is a scheme to defraud a bank or financial institution by using fraudulent methods such as forgery, identity theft, or computer hacking. This type of fraud can be perpetrated by both individuals and organizations. There are several types of bank fraud schemes. These include: • Check fraud: This type of fraud involves creating or using counterfeit or altered checks, money orders, or other financial instruments to illegally withdraw funds from a bank account. • Credit card fraud: Credit card fraud involves stealing someone's credit card information and using it to make unauthorized purchases or withdrawals. • Wire fraud: Wire fraud involves using internet or phone access to transfer funds illegally from one account to another. • ATM fraud: ATM fraud involves the use of stolen or cloned debit cards or ATM cards to withdraw funds without authorization. • Phishing: Phishing is a type of fraud in which a criminal attempts to trick victims into providing their sensitive information such as passwords, usernames, and account numbers. • Identity theft: Identity theft is when someone steals another person's personal information such as social security numbers, bank account numbers, and driver's license numbers to commit fraud. • Money laundering: Money laundering is a type of fraud in which criminals attempt to disguise the origin of illegally obtained funds by transferring the money through a series of financial transactions.