Best Practices to prevent Fraud: Understanding the trends, threats and strategies

Instructor: Jim George
Product ID: 704782
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-565-8542


Read Frequently Asked Questions

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 Banks cannot combat the fraud industry with outdated methods.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.

Learning Objectives:

  • What is changing in the fraud arena
  • What techniques are most important today
  • What fraud-breaking mindset will serve you well going forward

Areas Covered in the Webinar:

  • 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

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
Instructor Profile:
Jim George

Jim George
Independent consultant, George Consulting LLC

Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience 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). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry.

His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). Mr. George’s background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.

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