Best Practices to Prevent Fraud: Understanding the Trends, Threats and Strategies
Duration : 60 Minutes
Jim George,
Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). Read more
Fraudsters are always looking for new opportunities and new weaknesses. The availability of customer data on the black-market gives them just the tools they need. A bank has responsibilities to its shareholders and customers to protect them from these ever-changing threats.
This webinar will furnish attendees with a complete understanding of the changes in the fraud arena and the strategies needed to combat fraud.
Why Should You Attend:
There are reasons to believe that fraud losses are actually higher than recognized. Banks cannot combat the fraud industry with outdated methods. Some fraud losses are buried in card interchange fees. A significant amount of fraud losses likely get reported in banks’ accounting as credit losses. But they weren’t due to poor credit decisions; they were fraud scams from day-one.
Software is widely installed to identify specific patterns and unusual transactions. But fraudsters know this and are constantly striving to create new patterns where their transactions are designed not to be flagged.
This webinar will discuss current fraud issues, trends and emerging threats. The instructor will highlight eight best practices through which fraud can be addressed by a bank.
Course Objectives:
• What is changing in the fraud arena
• What techniques are most important today
• What fraud-breaking mindset will serve you well going forward
Course Outline:
• Reasons for focus on fraud, it is not just the money.
• Two step process: Identity and Execution
• Specific Identity aspects of frauds
• Payment systems issues (check image, ACH growth)
• Credit issues (cards and loans)
• Centralizing financial crime responsibilities
• Eight points where fraud can be addressed by a bank
• Four ways to add value to your bank
What You Get:
• Training Reference Materials
• Live Q&A with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Retail banking leaders
• Risk and compliance officers
• Loss control managers
• Employees designing fraud controls
• Employees involved in detecting fraud attempts
• Staff who manage the investigation of fraud alerts
• Personnel who analyze fraud losses
• Personnel who use advanced fraud detection systems
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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