This training program will examine vendor/billing schemes that exploit payments process control weaknesses; the latest electronic payments schemes (ACH hijacking, spear-phishing, social engineering); check counterfeiting, forgery, and tampering schemes to be aware of; and, detect common external payments schemes versus internal attacks.
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 transfers 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 payment 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 payment 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.
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 transfers 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 payment 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 payment 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.
Brian G. Rosenberg
Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers and nearly 20 years of experience with the implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine and is a published author, and speaker, on procure-to-pay best practices.
Using High-Performance Coaching for Managers to Address Per…
Using Stay Interviews To Improve Employee Retention & Engag…
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Form W-9 Compliance to Avoid Penalties: TIN Verification, B…
FDA Technology Modernization Action Plan (TMAP) and Impact …
FDA Audit Best Practices - Do's and Don'ts
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
Become an excellent Critical Thinker to greatly improve you…
Understanding the incredible uses and fallbacks of ChatGPT
Learn the Do's and Don'ts of Opening Business Bank Accounts
Project Management for HR, Administrative Professionals, an…
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
Re-imagine Finance & Accounting Made Simple. Three Webinars…
Writing Effective 483 and Warning Letter Responses
Dealing With Difficult People In Life & Work
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Managing Toxic & Other Employees Who Have Attitude Issues
If It Isn't Written, It Didn't Happen! How Can Employers Cr…
Hybrid Workplace: 10 Best Practices to Manage Your Team’s P…