Why Should You Attend:
Until recently, paying vendors was a simple matter of processing an invoice and issuing a check. No longer. Ongoing advances in technology, credit card, purchasing card (P-card), ACH and wire transfer require advanced payment techniques. And with that trend, unfortunately, are coming new opportunities for fraudsters to steal from your organization.
This is a fast-changing threat matrix. The Association for Financial Professionals (AFP) estimates that over 73% of all organizations are targets of payments fraud. While not all attacks result in fraud-related losses, this statistic alone confirms that criminals are as aggressive as ever in attempting to misappropriate funds via the various forms of payments fraud.
This webinar will focus on how all this means that organizations must stay informed about new and existing payment schemes on an ongoing basis. The risk of failing to do so is loss of massive amounts of customer credit card data, exposure to new forms of check fraud and costly new techniques for having your ACH and wire transfer account(s) hijacked by sophisticated cyber-criminals as well as your own employees.
Areas Covered in the Webinar:
Who commits each major type of payments fraud - focusing on check, ACH and –P-Card schemes
Insight from investigating actual fraudsters
Vendor/billing schemes that exploit payments process control weaknesses
Latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering and more)
Check counterfeiting, forgery and tampering schemes to be aware of
How to detect common external payments schemes versus internal attacks
Conducting a cost-effective fraud risk assessment of your most commonly used payments methods
Identify the critical red flags of all forms of check, ACH and P-card fraud
Detect payments fraud before material financial damage occurs
Obtain optimal payment fraud prevention tools from your financial institution
Recommend better payment fraud control structure - including segregation of duties, employee background checks and employee awareness training
Until recently, paying vendors was a simple matter of processing an invoice and issuing a check. No longer. Ongoing advances in technology, credit card, purchasing card (P-card), ACH and wire transfer require advanced payment techniques. And with that trend, unfortunately, are coming new opportunities for fraudsters to steal from your organization.
This is a fast-changing threat matrix. The Association for Financial Professionals (AFP) estimates that over 73% of all organizations are targets of payments fraud. While not all attacks result in fraud-related losses, this statistic alone confirms that criminals are as aggressive as ever in attempting to misappropriate funds via the various forms of payments fraud.
This webinar will focus on how all this means that organizations must stay informed about new and existing payment schemes on an ongoing basis. The risk of failing to do so is loss of massive amounts of customer credit card data, exposure to new forms of check fraud and costly new techniques for having your ACH and wire transfer account(s) hijacked by sophisticated cyber-criminals as well as your own employees.
Areas Covered in the Webinar:
Who commits each major type of payments fraud - focusing on check, ACH and –P-Card schemes
Insight from investigating actual fraudsters
Vendor/billing schemes that exploit payments process control weaknesses
Latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering and more)
Check counterfeiting, forgery and tampering schemes to be aware of
How to detect common external payments schemes versus internal attacks
Conducting a cost-effective fraud risk assessment of your most commonly used payments methods
Identify the critical red flags of all forms of check, ACH and P-card fraud
Detect payments fraud before material financial damage occurs
Obtain optimal payment fraud prevention tools from your financial institution
Recommend better payment fraud control structure - including segregation of duties, employee background checks and employee awareness training
Speakers
Peter Goldmann is president of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read online information source for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators.Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books.
Peter also developed FraudAware, the leading employee fraud awareness training program. A user-friendly, customized learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct.
Peter holds a Bachelor’s degree from the University of Michigan and a Master’s from the London School of Economics
He can be reached at pgoldmann@fraudaware.com
