Wire Transfer Fraud - Fighting this Devastating Fraud

This wire transfer fraud prevention webinar will discuss various methods to identify red flags, how to isolate your organization from it and what risk management practices to be deployed to minimize the exposure.

Why Should You Attend:

Wire Transfer fraud has been around almost as long as the payment system itself and shows no signs of stopping. In fact, in 2015 and 2016, we saw renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights. This course provides attendees with a brief overview of current forms of wire transfer fraud with an emphasis on identifying and mitigating exposure and in particular learn how to.

• Identify the red flags of common forms of wire transfer fraud
• Isolate how your organization can help combat fraud
• Review sound risk assessment practices to help minimize exposure
• Document valuable tips to protect your organization and customers
• Record valuable resources for consumers, businesses and financial institutions

Areas Covered in the Webinar:

• Wire transfer liability
• Identifying the most common and financially devastating forms of Wire Transfer Fraud
• Incorporating wire transfer fraud into your organizations risk assessment and enterprise risk management
• Internal controls
• Minimizing exposure from outside the organization that can cause losses
• Account controls

Who Will Benefit:

• Frontline/Customer Service personnel
• Internal Auditors
• Risk Officers
• Director of Security
• Compliance Professionals
• Operational Risk professionals
• CFO/Finance Professionals
• Audit Committee Members
• Operational Risk Managers
• Departmental Managers
• Information Security
• Information Technology
• Fraud Investigators
• Trainers
• Branch managers