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Identity Issues in Banking

Identity Issues in Banking

Do you really understand the list of Federal regulations concerning identity issues?

 

This webinar training helps attendees to understand the problem with the 26 red flags released by federal regulators in regards to identity fraud. The instructor will discuss how to create and implement a fraud control program and identity solutions to combat ID theft and reduce future losses.

 

What is the latest in regards to customer ID and the Equifax data breach? We now know this breach was similar to a Chinese army operation. Banks have been increasingly dependent on Credit Agencies' data to support their customer identity needs. After the Experian breach, fraudsters buying data on the Dark Web have access to the same credit report data that the bank does. Banks need to do some basic rethinking about customer and potential customer identity issues, and they need to do that quickly. This is going to require creative thinking, as there is no "solution" in a box on the shelf.

 

This timely, two-hour CPE training event is designed for internal auditors, compliance professionals, and others who wish to improve their tradecraft skills when it comes to non-public information protection and detection of misuse.

 

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.

  • CPE Event Highlights

    This webinar training helps attendees to understand the problems with 26 Red flags released by federal banking regulators in regards to identity fraud.

    The instructor will discuss how to create and implement the fraud control program and identity solutions to combat ID theft and reduce future losses within a banking institution.

  • Learning Objectives

    This CPE event will cover the following learning objectives:

    • Understand the Federal regulatory deification of "Identity Issues".

    • Understand how to review the bank's current compliance.

    • Learn how approach improving compliance.

    • Understand which "Red Flags" to look for.

  • Key Issues on the Agenda

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

    • What has changed?

    • Problems with the "26 Red Flags"

    • Red flags indicating ID threats for new accounts

    • Red flags on applications

    • Red flags on credit reports

    • Red flags on documents provided

    • Red flags on early use of new credit

    • Red flags indicating ID threats for existing accounts

    • Directions for ID Tools in a post-breach world

  • 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

  • Summary of the Subject Matter

    This CPE event on "Identity Issues in Banking" delves into the intricate landscape of identity-related challenges within the banking sector, addressing critical considerations and implications for both financial institutions and customers. This comprehensive exploration encompasses various facets of identity issues, shedding light on their impact on regulatory compliance, risk management, and customer trust.

    The core focus of this event revolves around dissecting the multifaceted nature of identity issues, encompassing authentication protocols, data privacy concerns, and the evolving landscape of digital identities. By delving into these aspects, the event seeks to empower attendees with a profound understanding of the complexities surrounding identity management in the banking industry.

    Highlighted throughout the event is the pivotal role of regulatory frameworks and compliance standards in mitigating identity-related risks, emphasizing the need for robust measures to combat fraud, identity theft, and unauthorized access. Furthermore, the event underscores the significance of customer-centric approaches to identity verification, aiming to strike a balance between security imperatives and seamless user experiences.

    Moreover, the event aims to equip attendees with actionable insights into emerging technologies and best practices for identity validation, fostering a proactive stance toward addressing evolving threats and vulnerabilities in the banking ecosystem.

    In conclusion, the "Identity Issues in Banking" CPE event serves as a knowledge-rich forum for unraveling the complexities of identity management within the banking domain, fostering awareness, and strategic preparedness in navigating the intricate terrain of identity-related challenges.

$140.00Price
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