Check Fraud: A New Approach to a Persistent Problem
- Oct 25, 2024 11:30 a.m.
- Central Time (CT)
Webinar
Course Level
Basic
Basic
Delivered via
Online
Online
Duration
50 minutes
50 minutes
Check Fraud: A New Approach to a Persistent Problem
Description
In 2023, check fraud accounted for $26.6 billion in losses globally, with 80% impacting customers across the Americas. Every element on a check gives fraudsters the details they need to forge, counterfeit, wash or duplicate — and the challenge is exacerbated by information sold on the dark web and new printing technologies.
The financial industry has been tackling these compounding issues with a siloed approach, with no ability to holistically assess each risk factor uncovered by image analysis, behavioral patterns or mule account identification.
In this webinar, you will explore insights into the complete risk and lifecycle of a check. By utilizing a whole-of-industry approach, machine learning and consortium technologies, you will be equipped to simplify the check fraud prevention process.
Prerequisites
None
You Will Learn How To:
Recognize different check fraud scams and the layered approaches needed to combat the total problem.
Benefit from collaboration between financial institutions on the depository and in-clearing side to stop check fraud.
Utilize consortium analytics to gain insight into the overall risk of fraud as your customers transact with known and unknown entities.
Sponsor Information
CPE Information
| CPE Credit: | 1 |
|---|---|
| Advanced Preparation: | None |
| Delivery Method: | Group Internet Based |
Credit by Field of Study
| Accounting: | 1 |
|---|
Presenter
Nick Pearson - Speaker
Product Management Specialist
Nasdaq Verafin
Policies
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Terms and Conditions
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.