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The Alarming State of Wire Transfer Fraud

Event Details

The Alarming State of Wire Transfer Fraud

Time: January 30, 2018 from 1pm to 2:30pm
Location: 26468 E Walker Dr, Aurora, Colorado 80016-6104
Street: 26468 E Walker Dr, Aurora, Colorado 80016-6104
City/Town: Aurora
Website or Map:
Phone: 7209961616
Event Type: online, webinar
Organized By: Training Doyens
Latest Activity: Dec 7, 2017

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Event Description


Wire Transfer fraud has been around almost as long as the payment system itself and shows no signs of stopping. In fact, in 2015 and 2016, we saw renewed efforts to defraud consumers, businesses and financial institutions driving losses to alarming heights.  2017 has already demonstrated that fraudsters are getting even craftier in their fraud attempts, continuing a trend of significant losses.


Financial institutions and businesses often suffer staggering loss to wire transfer frauds because they are unaware of the newest tricks fraudsters use. Without this knowledge, an organization is unable to implement proper controls to reduce exposure.


  • Topics covered include: 
  • Red flags of the most common forms of Wire Transfer Fraud, including
    • Advance Fee Frauds
    • Account Takeover
    • Romance Scam
    • Grandparent Scam
    • Phishing 
    • Business Email Compromise
    • 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 organizations risk assessment 
  • Account security and internal controls proven to reduce exposure
  • 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 


  • Financial institutions
  • Businesses (any industry)


  • Frontline / Customer Service personnel 
  • Internal Auditors
  • Risk Officers 
  • Director of Security
  • Compliance Professionals
  • Operational Risk professionals
  • CFO / Finance Professionals
  • Audit Committee Members
  • Operational Risk Managers
  • Departmental Managers
  • Information Security
  • Information Technology
  • Fraud Investigators
  • Trainers 
  • Branch managers


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


For more detail please click on this below link:



Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

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