The Alarming State of Wire Transfer Fraud

Gina J. Lowdermilk
Jul 15, 2020 - 01:00 PM EDT
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Wire transfer fraud has often rendered businesses and financial institutions helpless despite their best efforts to combat the threat. This training program will identify the red flags of common forms of wire transfer fraud and help understand how you can isolate your organization and help combat fraud. The webinar instructor will also review sound risk assessment practices to help minimize exposure.

Why Should You Attend:

Wire transfer fraud has been around almost as long as the payment system itself and shows no signs of coming to an end. In fact, in 2015 and 2016, there have been renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights. This course will provide attendees with a brief overview of current forms of wire transfer fraud with an emphasis on identification and mitigating risks.

Learning Objectives:

  • Identify the red flags of common forms of wire transfer fraud
  • Isolate how your organization can help combat fraud
  • Review sound risk assessment practices to help minimize exposure
  • Document valuable tips to protect your organization and customers
  • Record valuable resources for consumers, businesses and financial institutions

Areas Covered in the Webinar:

  • Red flags of the most common forms of wire transfer fraud, including:
    • Advance fee frauds
    • Account takeover
    • Romance scam
    • Grandparent scam
    • Phishing
    • And more
  • Security expert findings on the techniques criminals use to initiate these frauds (i.e. data harvesting, data breaches, etc.)
  • Incorporating wire transfer fraud into your organization’s risk assessment
  • Tips
    • To educate consumers
    • How the frontline/customer service/account officer can help
    • Handling requests you suspect are fraudulent/ a scam
  • Valuable resources for staff

Who Will Benefit:

  • Frontline/Customer Service Personnel
  • Internal Auditors
  • Risk Officers
  • Director of Security
  • Compliance Professionals
  • Operational Risk Professionals
  • CFO/Finance Professionals
  • CPAs
  • Audit Committee Members
  • Operational Risk Managers
  • Departmental Managers
  • IT
  • Fraud Investigators
  • Trainers
  • Branch Managers
  • Wire Transfer Processors
Webinar Events
Attend Live Webinar
Jul 15, 2020 - 01:00 PM EDT

Duration: 60 Minutes

Single Attendee

Group of 3 to 5 +1 Thumb Drive or 5 online Recorded version

Group of 6 to 10 +1 Thumb Drive or 10 online Recorded version

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

Recorded video

Recorded video session

Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.

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