Abagnale's Watermark Signature on High-Security Paper by Standard Register Will Help Thwart Document Crime, Check Forgery
30 Maio 2007 - 12:30PM
PR Newswire (US)
DAYTON, Ohio, May 30 /PRNewswire-FirstCall/ -- Frank Abagnale, the
former con artist turned worldwide document security consultant,
believes criminals attempting to copy, alter or steal checks or
other original documents will be immediately deterred by a new
high-security watermark safety paper bearing his name. The Frank W.
Abagnale Signature Watermark Safety Paper is available exclusively
through Standard Register (NYSE:SR). Abagnale, whose youthful
exploits as a forger and imposter were depicted in the motion
picture Catch Me If You Can, and Standard Register, a document
services company and a leading provider of document protection
technologies, created the paper, which can be used for checks,
registrations, titles, gift certificates, college transcripts,
entrance passes, tickets, vouchers and coupons - key targets for
document fraud and crime. "I put myself in my own shoes when
developing this paper with Standard Register," Abagnale said. "We
looked at every possible way you could forge, counterfeit, alter or
otherwise duplicate a check or document printed on this paper. I
asked myself, 'If I was going to forge a check with this paper,
what would I do?'" Abagnale watermark safety paper makes it easy
and affordable for small- to medium-sized businesses to protect and
secure their documents, said Dan Thaxton, Standard Register's
senior manager for security solutions. "Many want well-secured
checks but don't have the check volume to justify a custom
solution," he said. "This paper can be used by companies that know
they're at risk, and want to take reasonable steps to protect
themselves from a fraud attack, but may not be sure what those
steps are. Because people know that Frank Abagnale is an expert on
document fraud, they trust him for advice. This safety paper gives
them the level of confidence they are looking for." Companies of
all sizes are vulnerable to a fraud attack, because a criminal
doesn't care where the money comes from, Thaxton noted. "But the
stakes are higher for small- to medium-sized companies, since a
large company may be able to absorb a loss that a smaller company
cannot. When you take steps to secure your documents, you are being
proactive in enhancing your level of protection." "Years ago,
criminals would forge checks for $4,000 or $6,000," Abagnale said.
"Now they forge checks for $175,000 or $250,000 or $700,000! So
this watermark paper certainly pays for itself. It's like cheap
insurance. Why expose yourself if you don't need to?" The paper not
only includes a variety of security features but also cannot be
bought as blank stock on the open market, online or through a
catalog or wholesaler. Standard Register controls the paper's
manufacturing, handling, storing and distribution. "That's most
important to me - that each sheet is controlled and distributed
only by Standard Register," Abagnale said. "With today's software,
technology and equipment, there's virtually nothing you can't
replicate. You can pull a company logo from a Web site and have a
beautiful check in 15 minutes. But if you can't get access to the
security paper in the first place, you can't do any of these
things! I strongly believe there's a need for a high-security paper
stock that is truly controlled." Standard Register uses the paper
to print secure documents, such as checks, for its customers. "You
can't buy this paper blank," said Thaxton. "Until this paper is
printed and personalized for a Standard Register customer, the raw
paper is not accessible. Our security controls are among the best
in the industry, and our customization of this product is critical
for producing a secure product for every customer." Abagnale said
Standard Register has always made the security of its products a
priority. "Fact is, I wouldn't trust anyone else in the world to
produce and supply this paper," he said. The paper, manufactured by
Appleton, a leading provider of secure papers, includes security
elements such as a multi-tonal, mill-made, Frank W. Abagnale
signature watermark that is virtually impossible to mimic; a toner
adhesion agent and full chemical protection, which safeguard
against alteration; and multicolored fibers. If companies aren't
yet worried about a fraud attack, they should be, Thaxton said.
Each year, U.S. companies lose an estimated 5 percent of their
annual revenues to fraud, or $652 billion per year, according to a
2006 study by the Association of Certified Fraud Examiners. Thaxton
said fraudsters tend to attack inexpensive items, such as check
stock bought at a stationery store, and not complex items like the
Abagnale paper, which is difficult to mimic or counterfeit. "This
is a best-in-class, in-pulp solution," Thaxton said. "Plus, there
is no other paper in the world bearing Frank W. Abagnale's
signature as a watermark. A criminal who encounters this paper will
likely throw up his arms and try something else. Since the
watermark is visible without special equipment, it's a powerful
deterrent." Thaxton said the Abagnale paper, or any other document
security solution available through Standard Register, can
substantially reduce an organization's risk and exposure to
document fraud and can improve its defense in court if the company
is accused of not taking appropriate steps to protect its
documents. "Liability laws have changed," Abagnale explained. "Now
the law says, 'Whoever was in the best position to prevent the
fraud from occurring assumes the liability.' There is an absolute
need for a recognized, high-security paper." The Abagnale product
is part of Standard Register's comprehensive suite of document
security solutions designed to protect checks and other important
documents from fraud. About Standard Register Standard Register is
a premier document services provider, trusted by companies to
manage the critical documents they need to thrive in today's
competitive climate. Relying on nearly 100 years of industry
expertise, Lean Six Sigma methodologies and leading technologies,
the company helps organizations increase efficiency, reduce costs,
mitigate risks, grow revenue and meet the challenges of a changing
business landscape. It offers document and label solutions,
e-business solutions, consulting and print supply chain services to
help clients manage documents across their enterprise. More
information is available at http://www.standardregister.com/. About
Frank W. Abagnale Frank W. Abagnale is one of the world's most
respected authorities on forgery, embezzlement and secure
documents. For more than 30 years, he has lectured to and consulted
with hundreds of financial institutions, corporations and
government agencies around the world. Abagnale lectures extensively
at the field offices of the Federal Bureau of Investigation and at
the FBI Academy. More than 14,000 financial institutions,
corporations and law enforcement agencies use his fraud prevention
programs. Abagnale believes that punishment for fraud and recovery
of stolen funds is so rare, that prevention is the only viable
course of action. More information is available at
http://www.abagnale.com/. Available Topic Expert(s): For
information on the listed expert(s), click appropriate link. Dan
Thaxton
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=31094
DATASOURCE: Standard Register CONTACT: Erin Rendina of Standard
Register, +1-937-221-1445, Web site:
http://www.standardregister.com/
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