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Banking Best Practices to Prevent Fraud

Banking Best Practices to Prevent Fraud

This event takes a serious look at preventing fraud in the retail banking organization. It gives you an excellent overview of financial institutions' best practices to prevent fraud. Improve your institution's anti-fraud efforts by expanding your expertise in this area.


Fraud is of more concern to banking leaders today than ever before. These concerns are driven by national media coverage, social media reports, actual dollar losses, the attack on trust (which is key to customer relationships), costs to allay customer concerns, the changing regulatory environment, and changes in how fraud efforts are being organized. Fraud is no longer just a "cottage industry", it is moving to an industrial model where specialists steal data and sell it to others who organize high-volume attacks by multiple perpetrators. Banks cannot combat the "Fraud Industry" with yesterday's methods.


There are reasons to believe that fraud losses are actually higher than recognized. Some fraud losses are buried in card interchange fees. A significant amount of fraud losses likely get reported in banks' accounting as credit losses. But they weren't due to poor credit decisions; they were fraud scams from day one. Software is widely installed to identify specific patterns and "unusual" transactions. But the fraudsters know this and are constantly striving to create fraud patterns where their transactions are designed to remain unflagged. Like in a game of chess, the advantage belongs to the side that thinks the most moves ahead.


This timely, two-hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their fraud prevention and detection tradecraft skills.


This internal control training course will provide each attendee with 2 CPE Event Hours (YB). A certificate of completion will be provided.


Program Level of Understanding: Basic

Prerequisites: None

Advance Preparation: None

Delivery Format: Group Internet Based

NASBA Field(s) of Study: Business Ethics

CPE Credits: 2, based on 50 minutes of instruction per hour

  • Details on Event Presentation

    Offered every six weeks on Tuesdays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.

    We can schedule private events on your timetable for two or more attendees.

    NASBA Program Disclosures

    Program Level of Understanding: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Format: Group Internet Based
    NASBA Field(s) of Study: Auditing
    CPE Credits: 2, based on 50 minutes of instruction per hour

  • CPE Event Highlights

    The event covers fraud in the retail banking industry. The event will cover:

    • Reasons for focus on fraud: it is not just the money.

    • Two step process: Identity and Execution.

    • Specific identity aspects of frauds.

    • Payment systems issues (check image, ACH growth).

    • Credit issues (cards and loans).

    • Centralizing financial crime responsibilities.

    • Eight points where fraud can be addressed by a bank.

    • Four ways to add value to your bank.

  • Learning Objectives

    This CPE training event will provide valuable assistance to all personnel with anti-fraud responsibilities in banks or other financial institutions. It will cover the following learning objectives:

    • How to design internal controls and compliance programs,

    • Activities to detect fraud attempts,

    • Managing the investigation of fraud alerts,

    • Analyzing internal control improvement options,

    • Understanding fraud perpetrators' strategies and techniques.


  • Key Issues on the Agenda

    The major agenda items within this intense CPE training event are:

    • Preventing Fraud in Banking

    • Bank Best Practices to Prevent Fraud

    • Improving Anti-fraud efforts at your Institution

  • Summary of the Subject Matter

    This CPE event "Banking Best Practices to Prevent Fraud" encompasses a comprehensive exploration of strategies and methodologies aimed at safeguarding financial institutions against fraudulent activities. The event delves into the evolving landscape of fraud within the banking sector, offering actionable insights to mitigate risks and protect both customers and financial assets.

    Key areas of focus include:

    • Emerging Fraud Trends: The event sheds light on the latest trends in banking fraud, encompassing technological advancements, social engineering tactics, and evolving cyber threats. Attendees gain a deep understanding of the dynamic nature of fraudulent activities and the imperative to stay ahead of emerging trends.

    • Regulatory Compliance and Anti-Fraud Measures: The event provides valuable guidance on compliance requirements and industry best practices for fraud prevention, emphasizing the role of regulatory frameworks in shaping robust anti-fraud measures within banking institutions.

    • Technological Solutions and Innovations: Attendees receive insights into cutting-edge technologies and innovative solutions designed to fortify banking systems against fraud, including advanced authentication techniques, real-time monitoring tools, and artificial intelligence-driven fraud detection mechanisms.

    • Customer Education and Communication: The event underscores the significance of proactive customer education as a pivotal component of fraud prevention. Strategies for effective communication with customers regarding potential fraud risks and security best practices are highlighted, enabling attendees to enhance customer awareness and resilience.

    • Collaborative Approaches and Industry Partnerships: The event advocates for collaborative efforts and partnerships within the banking industry to combat fraud effectively. Attendees gain insights into successful collaboration models and industry initiatives aimed at strengthening the collective resilience against fraudulent activities.

    Through an in-depth exploration of these core subject matters, the event equips attendees with actionable knowledge and practical strategies to fortify their organizations against fraud, fostering a secure and resilient banking ecosystem.

  • Authoritative Sources

    Expanding one's knowledge after a CPE event on Banking Best Practices to Prevent Fraud is crucial for staying updated on industry standards and enhancing fraud prevention strategies. Here are some authoritative sources, along with their web links, to further enrich your understanding:

    By delving into these authoritative sources, attendees can continue to build upon the insights gained from the CPE event, fostering a deeper understanding of banking best practices for fraud prevention and staying informed about the latest industry standards

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