Paying vendors used to mean processing an invoice and writing a check. Advances in credit card, purchasing card and ACH processing have added complexity and new openings for fraudsters. This 90-minute payments fraud training covers current schemes and how to detect and prevent them.
You'll learn who commits each major type of fraud, vendor and billing schemes that exploit weak controls, electronic schemes such as ACH hijacking, spear-phishing and social engineering, and check counterfeiting, forgery and tampering, with insights from actual fraudsters.
The session also shows how to tell external schemes from internal attacks and which controls work best, including segregation of duties, background checks and employee awareness training.
WHY SHOULD YOU ATTEND?
Payment fraud can cause serious financial damage before anyone notices. This session helps you run a cost-effective fraud risk assessment, spot red flags early and get the right prevention tools from your financial institution.
It suits CPAs, financial executives, CFOs, controllers, treasurers and treasury staff, internal auditors, AP and operations managers, compliance officers, security and risk managers.
AREA COVERED
- Who commits each major type of payments fraud: check, ACH and P-card
- Insights from actual fraudsters
- Vendor and billing schemes that exploit control weaknesses
- Electronic payment schemes: ACH hijacking, spear-phishing, social engineering and more
- Check counterfeiting, forgery and tampering
- Detecting external schemes versus internal attacks
- Best practices for payment fraud control: segregation of duties, background checks and employee awareness training
LEARNING OBJECTIVES
- Conduct a cost-effective fraud risk assessment of your most used payment methods
- Identify the red flags of check, ACH and P-card fraud
- Detect payments fraud before material financial damage occurs
- Obtain the best fraud prevention tools from your financial institution
- Apply controls such as segregation of duties 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
- Risk Managers
Payment fraud can cause serious financial damage before anyone notices. This session helps you run a cost-effective fraud risk assessment, spot red flags early and get the right prevention tools from your financial institution.
It suits CPAs, financial executives, CFOs, controllers, treasurers and treasury staff, internal auditors, AP and operations managers, compliance officers, security and risk managers.
- Who commits each major type of payments fraud: check, ACH and P-card
- Insights from actual fraudsters
- Vendor and billing schemes that exploit control weaknesses
- Electronic payment schemes: ACH hijacking, spear-phishing, social engineering and more
- Check counterfeiting, forgery and tampering
- Detecting external schemes versus internal attacks
- Best practices for payment fraud control: segregation of duties, background checks and employee awareness training
- Conduct a cost-effective fraud risk assessment of your most used payment methods
- Identify the red flags of check, ACH and P-card fraud
- Detect payments fraud before material financial damage occurs
- Obtain the best fraud prevention tools from your financial institution
- Apply controls such as segregation of duties 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
- Risk Managers