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

Overview:

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, ACH. 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. Which means that organizations must stay informed about new 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 account(s) hijacking by sophisticated cyber-criminals.

Why should you attend: You will learn

Who commits each major type of payments fraud-focusing on check, ACH and –P-Card schemes

Inside secrets from 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

Areas Covered in the Session:

Conduct 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

Bankers

Senior Financial Executives

Internal Auditors

AP Managers

Operations Managers

Controllers

CFOs

Treasurers

Compliance Officers

Security and Risk Managers

Instructor:

Peter Goldmann is founder and President of White-Collar Crime 101 LLC, the parent company of FraudAware and publisher of the monthly newsletter, White-Collar Crime Fighter. Peter has been the Publisher and Editor of White-Collar Crime Fighter for over 12 years and is recognized as a leading expert in the areas of fraud detection, prevention, investigation and training. He has written numerous articles on practical approaches to fraud prevention and detection for, among others, Internal Auditor, Investor's Business Daily, Financial Executives Institute and Bottom Line/Personal, Recognizing the vulnerability to fraud posed by a lack of awareness on the part of rank-and-file employees about specific types of economic crime , Peter launched the development of FraudAware in 2001. Following enactment of the Sarbanes-Oxley Act of 2002, FraudAware began helping companies resolve the unexpected increase in fraud losses, despite the costly implementation of SOX- mandated internal controls. He determined that while internal controls, Tone at the Top and whistleblower hotlines are all essential components of an effective anti-fraud program, the primary reason for continuing losses to internal and external economic criminals was a widespread lack of fraud awareness on the part of corporate rank-and-file employees. He theorized that if an organization's most valuable asset--its workforce--could be taught to spot and report telltale signs of fraud, investigations could be initiated and perpetrators apprehended before major losses were incurred and negative publicity tarnished the organization's reputation. The theory has proved viable over the past six years, as FraudAware training programs implemented at numerous companies in all major industries, have taught employees how to detect the common and not-so-common red flags of fraud and--most importantly--how to report these incidents through their employer's confidential hotline channels.

Contact Details:

NetZealous LLC, DBA TrainHR

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