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The Alarming State of Wire Transfer Fraud - Webinar (Recorded)

  • Webinar

  • 90 Minutes
  • February 2019
  • Compliance Online
  • ID: 4899908
Why Should You Attend:

Wire transfer fraud has been around almost as long as the payment system itself and shows no signs of coming to an end. In fact, in 2015 and 2016, there have been renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights. This course will provide attendees with a brief overview of current forms of wire transfer fraud with an emphasis on identification and mitigating risks.

Areas Covered in the Webinar:

Red flags of the most common forms of wire transfer fraud, including:
Advance fee frauds
Account takeover
Romance scam
Grandparent scam
And more
Security expert findings on the techniques criminals use to initiate these frauds (i.e. data harvesting, data breaches, etc.)
Incorporating wire transfer fraud into your organization’s risk assessment
To educate consumers
How the frontline/customer service/account officer can help
Handling requests you suspect are fraudulent/ a scam
Valuable resources for staff


Rayleen M. Pirnie, AAP, is the founder and owner of RP Payments Risk Consulting Services, LLC, based in Missouri. She is a nationally recognized speaker whose educational programs provide valuable, actionable strategies for financial institutions and businesses on topics ranging from payments risk management to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.