RW Advantage - Webinars

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Event Name:Wire Transfer Gaps that will Open the Door to Fraudsters
Date:Tuesday, February 14, 2017 11:00pm CST
Presented By:BankersHub
Panelist(s) Info: Terri Sands AAP, Founder - Secura Risk Management
Credits:1.2 AAP Credits, 1.0 CPE Credit

Wire Transfer is a credit only, irrevocable and immediate payment system which makes it unfortunately a haven for fraudsters. Many financial institutions may have gaps in their wire transfer program that may go undetected until a fraudulent attack occurs. This webinar provides a deep dive into a vulnerable wire program ranging from how wire transfer instructions are received to how the wire transfer is funded and originated. This session will open a financial institutions eyes to the blind spots they may have never realized they had. Learn lessons from other financial institutions that have been hit with wire fraud and how they quickly implemented procedures and best business practices to close the gap. This webinar is not one to miss!

This session will cover:

  • Review of the Wire Transfer Topology
  • Review of Common Wire Gaps
  • Real Life Case Studies of Wire Fraud and Lessons Learned

Best Business Practices for Filling Your Wire Transfer Gaps