This training program will examine vendor/billing schemes that exploit payments process control weaknesses; the latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery, and tampering schemes to be aware of; and, detect common external payments schemes versus internal attacks.
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 transfers 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 payment 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 payment 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.
LEARNING OBJECTIVES
- Who commits each major type of payment fraud—focusing on the check, ACH, and –P-Card schemes
- Insight from investigating actual fraudsters
- Vendor/billing schemes that exploit payment process control weaknesses
- Latest electronic payment schemes (ACH hijacking, spear-phishing, social engineering, and more)
- Check counterfeiting, forgery, and tampering schemes to be aware of
- How to detect common external payment schemes versus internal attacks
- Conducting a cost-effective fraud risk assessment of your most commonly used payment methods
- Identify the critical red flags of all forms of check, ACH, and P-card fraud
- Detect payment 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
WHO WILL BENEFIT?
- CPAs
- Financial services professionals
- Senior financial executives
- Internal auditors
- AP managers
- Treasury staff
- Operations managers
- Controllers, CFOs
- Treasurers
- Compliance officers
- Security and risk managers
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 transfers 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 payment 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 payment 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.
- Who commits each major type of payment fraud—focusing on the check, ACH, and –P-Card schemes
- Insight from investigating actual fraudsters
- Vendor/billing schemes that exploit payment process control weaknesses
- Latest electronic payment schemes (ACH hijacking, spear-phishing, social engineering, and more)
- Check counterfeiting, forgery, and tampering schemes to be aware of
- How to detect common external payment schemes versus internal attacks
- Conducting a cost-effective fraud risk assessment of your most commonly used payment methods
- Identify the critical red flags of all forms of check, ACH, and P-card fraud
- Detect payment 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
- CPAs
- Financial services professionals
- Senior financial executives
- Internal auditors
- AP managers
- Treasury staff
- Operations managers
- Controllers, CFOs
- Treasurers
- Compliance officers
- Security and risk managers
Speaker Profile
Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers and nearly 20 years of experience with the implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine and is a published author, and speaker, on procure-to-pay best practices.
Upcoming Webinars
Managing Difficult Employee Conversations
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Dealing With Difficult People In Life & Work
Predictive Accounting: Driver-Based Budgeting And Rolling F…
Pay Equity Changes for 2024! What Employers Need to Know to…
Leader Branding: How to Communicate with Confidence to Attr…
Project Management for Non-Project Managers - How to commun…
Design Verification, Validation and Testing for Medical Dev…
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Why EBITDA Doesn't Spell Cash Flow and What Does
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Employee or Independent Contractor – U.S DOL Announces 2024…
How to Survive an Emotionally Toxic Workplace
Best Practices in Complaint Management for Regulatory Compl…
Human Factors Usability Studies Following ISO 62366 and FDA…
Ensuring Safe and Effective Pharmaceutical Products: A Comp…
Gossip-Free: Leadership Techniques to Quell Office Chatter
Updated Metro 2®, e-OSCAR and the New Tougher FCRA/CFPB Com…
Embracing Diversity and Inclusion in Talent Acquisition
Form W-9 Compliance to Avoid Penalties: TIN Verification, B…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Understanding and Analyzing Financial Statements
Divorce, Adoption and Other Special Tax Topics
Design History File (DHF), the Device Master Record (DMR) a…
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Setting up Quality System for FDA Regulated Products: Tips …
Is Your Culture Working For or Against Your Success? If You…
Marketing to Medicare or Medicaid Beneficiaries - What You …
The Five Cs Of Commercial Credit: The Basic Elements Of Cre…
Sunshine Act Reporting - Clarification for Clinical Research
Documenting Misconduct that Will Stand Up in Court
Stress, Change And Team Resilience Through Humor: An Intera…
FDA Regulation of Artificial Intelligence/ Machine Learning
Managing Toxic & Other Employees Who have Attitude Issues
Excel - Lists and Tables - A Beginner's Guide to Managing L…
Pharma 4.0: Next Generation Technology Approach to GxP Prod…
Patient Gifts, Discounts and Freebies: What You Can and Can…
Managing Complex Projects - Project Management
All About Civility - Eliminating a Culture of Gossip Rumors…
From Challenges to Compliance: Understanding Dietary Supple…
Improving Employee Engagement & Retention Through Stay Inte…
How To Conduct An Internal Harassment And Bullying Investig…