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Payments Fraud Detect & Prevent Check, ACH and P-Card Schemes
- 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
Overview of the webinar
This training program will examine vendor/billing schemes that exploit payments process control weaknesses; latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery and tampering schemes to be aware of; and, detecting common external payments schemes versus internal attacks.
Who should attend?
- CPAs
- Financial services professionals
- Senior financial executives
- Internal auditors
- AP managers
- Treasury staff
- Operations managers
- Controllers, CFOs
- Treasurers
- Compliance officers
- Security and risk managers
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 transfer 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 payments 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.
Faculty - Mr.Brian G. Rosenberg
"Brian Rosenberg is a leading expert in improving business efficiency through Generative AI, Enterprise Applications, Process Improvement, Project Management, Shared Services, Technology selection. He has been leading technology and change projects for over 30 years, working with organizations ranging from small businesses to leading projects of $100 million or more. As a former managing director for a big 4 firm, Brian has been on the forefront of AI implementation and adoption strategy and is a regular speaker and author on that topic as well as others on technology implementation. Brian also serves as an adjunct professor at UNLV and as an Honorary Commander at Nellis Air Force Base.
Credits
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.