Identity issues in Banking - 26 Red Flags and More
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
This webinar training helps attendees to understand the problems with 26 Red flags released by federal regulators in regards to identity fraud. The instructor will discuss how to create and implement the fraud control program and Identity solutions to combat ID theft and reduce future losses.
Why Should You Attend:
What is going on with regard to customer ID and the Equifax data breach, which we now know was done by the Chinese Army? Banks have been increasingly depending on Credit Agencies’ data to support their customer identity needs. After the data breach at Experian, fraudsters buying data on the Dark Web have access to the same credit report data the bank does. Banks need to do some basic rethinking about customer and potential customer identity issues. And they need to do that quickly. This is going to require creative thinking, as there is no “solution” in a box on the shelf.
Course Objectives:
• What has been compromised by the data breach? Do we still know…
o Who is this new account applicant?
o Is this person the customer they claim they are?
• So where now? Back to the future? It well may be that the best answers depend on technologically updated versions of how people have always recognized each other: faces, voices, and (of late) fingerprints.
• Faces, lessons from Casinos
• Voices
• Fingerprints
• Other options
• Addresses as control
o Matching
o Returned mail as control
• What do we do NOW?
o Plan
o Prioritize
Course Outline:
• What has changed?
• Problems with the “26 Red Flags”
• Red flags indicating ID threats for new accounts
• On application
• On credit reports
• On documents provided
• On early use of new credit
• Red flags indicating ID threats for existing accounts
• Directions for ID Tools in a post-breach world
What You Get:
• Training Reference Materials
• Live Q&A with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Fraud Offices
• BSA/AML Professionals
• BSA/AML/Fraud VP, Manager, Director, Supervisor
• Compliance Officers
• Internal Auditors
• Accountants
• Corporate Investigators
• Management Personnel
• Frontline Employees
• Financial Institution Branch Managers
• Law Enforcement
• Small Business Owners
• Forensic Auditors and Accountants
• Certified Fraud Examiners (CFES)
• Certified Anti-Money Laundering Specialists (CAMS)
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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