Payments Fraud: Detect and Prevent Check, ACH and P-Card Schemes

Instructor: Peter Goldmann
Product ID: 704774
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section

Training CD

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CD and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This training program will examine vendor/billing schemes that exploit payments process control weaknesses; latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery and tampering schemes to be aware of; and, detecting 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 transfer 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 payments 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 payments 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.

Areas Covered in the Webinar:

  • Who commits each major type of payments fraud—focusing on check, ACH and –P-Card schemes
  • Insight from investigating actual fraudsters
  • Vendor/billing schemes that exploit payments process control weaknesses
  • Latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering and more)
  • Check counterfeiting, forgery and tampering schemes to be aware of
  • How to detect common external payments schemes versus internal attacks
  • Conducting a cost-effective fraud risk assessment of your most commonly used payments methods
  • Identify the critical red flags of all forms of check, ACH and P-card fraud
  • Detect payments 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

Instructor Profile:

Peter Goldmann has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a certified fraud examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association, and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter and The Fraud Examiner, and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News and The Wall Street Journal This Morning, and has contributed to the The New York Times and Internal Auditor magazine.

Mr. Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. He is the author of Fraud in the Markets: Why it Happens and How to Fight It, as well as four other anti-fraud books. Mr. Goldmann also developed FraudAware, a leading fraud awareness training program.

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