Funds transfer fraud and account takeover cause millions of dollars in losses for businesses. Last year, financial institutions filed nearly 39,000 Suspicious Activity Reports on incidents of wire fraud. Cyber attackers continue to grow more sophisticated with their schemes and attempts. Even the largest institutions are vulnerable. Recent high-profile, successful cyberattacks on international wire transfers have raised the bar on examiners’ expectations for your security system and risk monitoring of international and domestic wire transfers.
In this session we will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. We will examine ways to strengthen policies, monitoring, procedures, and risk assessments. Learn about the latest scams and what best practices could mitigate your financial institution’s risk.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for Compliance Officers, IT Officers, Operations Officers, and individuals responsible for initiating and verifying funds transfers.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.