What is ACH fraud associated with?

ACH fraud, or Automated Clearing House fraud, primarily involves the unauthorized use of individuals' banking information to initiate payments from their accounts. This often occurs when a perpetrator gains access to a victim's account details—such as account numbers or personal identification numbers—and uses that information to execute transactions without the victim's consent. This can result in significant financial losses for the victim, as funds are withdrawn or transferred fraudulently.

The other scenarios presented, while they involve fraudulent activities, do not accurately capture the essence of ACH fraud. Fabricating checks pertains to check fraud, which is distinct from the electronic transactions seen in ACH fraud. Insider theft refers to employees misappropriating cash directly from their employer, which is unrelated to the context of ACH transactions. Reporting false bank transactions generally deals with fraudulent claims made to the bank, rather than the unauthorized use of account information to perform transactions, which is the core issue of ACH fraud.