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Payments Fraud Detect & Prevent Check, ACH and P-Card Schemes

October 31 @ 1:00 pm - 2:00 pm EDT

$199

This training program will examine vendor/billing schemes that exploit payments process control weaknesses; the latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery, and tampering schemes to be aware of; and, detect common external payments schemes versus internal attacks.

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 transfers 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 payment 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.

LEARNING OBJECTIVES

Who commits each major type of payments fraud—focusing on the 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

WHO WILL BENEFIT?

CPAs
Financial services professionals
Senior financial executives
Internal auditors
AP managers
Treasury staff
Operations managers
Controllers, CFOs
Treasurers
Compliance officers
Security and risk managers

Details

Date:
October 31
Time:
1:00 pm - 2:00 pm EDT
Cost:
$199
Event Category:
Event Tags:
Website:
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Organizer

247compliance
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