KeyBank Fraud Controls in Focus After Ohio Robbery and Foiled $5,000 Check Scam
Police arrested a man accused of robbing a KeyBank branch in Miami Township, Ohio, days before the bank highlighted a separate $5,000 check-fraud attempt stopped by its Positive Pay system. The incidents come as KeyCorp prepares to report first-quarter results on April 16. Federal data show check fraud remains widespread, with 63% of surveyed companies targeted in 2024 and 91% still using checks. KeyBank shares opened at $20.34 Thursday.