Learn about advanced payment techniques used by sophisticated fraudsters to steal from your organization, and how you can prevent it.

Course Description:

Ongoing advances in technology, credit card, purchasing card (P-card), ACH, and wire transfer require advanced payment techniques. And these trends open up new opportunities for fraudsters to steal from your organization.

The payments fraud threat matrix is fast changing. The 2024 AFP Payments Fraud and Control Survey Report documents that 80% of organizations were victims of payments fraud attacks/attempts in 2023. 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 the most common, new, and advanced payment schemes sophisticated fraud perpetrators use. Organizations and financial risk management professionals must stay informed about 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 employees.

Learning Objectives:

After this webinar attendees will be able to answer the following:

• 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

Areas Covered:

• Types of fraud
• The red flags of payments fraud
• Proven controls you can implement to prevent payments fraud
• Your payments fraud internal control toolkit
• Case studies
• Q&A

Why should you attend?

In 2023, businesses lost over $4.2 billion due to payments fraud. In this webinar, you’ll get an in-depth look into the most common and advanced types of fraud perpetrated in business settings and the typical vulnerabilities exploited by fraudsters.
Who will benefit:

• CFOs
• Controllers
• Procurement Professionals
• Accounts Payable Managers and Directors
• P-Card Administrators
• Internal Auditors
• Risk Management
• Treasury

About the instructor

Justin brings over 20 years of wide-arranging experience in compliance, training, and regulations. He has previously worked in the Head of Compliance Training function for Macquarie Group, UBS, JPMorgan Chase, Bank of China, and GRC Solutions. Justin also runs his own Compliance Training company focusing on US & International regulations.

Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. He also serves as an advisor for the Global Compliance Institute (GCI) and instructs at the Barret School of Business and various compliance training providers.

Refund policy:

Attendees may cancel up to two working days prior to the course start date and the refund will be processed within two working days.

We will process/provide a refund if the webinar is canceled. Refunds will not be given to participants who do not show up for the webinar. On-demand Recordings can be requested in exchange. Webinar may be canceled due to lack of enrolment or unavoidable factors. Attendees will be notified 24 hours in advance if a cancellation occurs. Substitutions can happen at any time.

If you have any concerns about the content of the webinar and are not satisfied please contact us at care@thecomplyguide.com