The Alarming State of Wire Transfer Fraud
OVERVIEW Wire Transfer fraud has been around almost as long as the payment system itself and shows no signs of stopping. In fact, in 2015 and 2016, we saw renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights. 2017 has already demonstrated that fraudsters are getting even craftier in their fraud attempts, continuing a trend of significant losses. WHY SHOULD YOU ATTEND Financial institutions and businesses often suffer staggering loss to wire transfer frauds because they are unaware of the newest tricks fraudsters use. Without this knowledge, an organization is unable to implement proper controls to reduce exposure. Finance Compliance AREAS COVERED Topics covered include: Red flags of the most common forms of Wire Transfer Fraud, including Advance Fee Frauds Account Takeover Romance Scam Grandparent Scam Phishing Business Email Compromise And more Security expert findings on the ...