November 15-21 marks International Fraud Awareness Week, a global initiative led by the Association of Certified Fraud Examiners (ACFE) to elevate the global effort to minimize fraud’s impact through anti-fraud awareness and education. According to the 2020 ACFE Report to the Nations, organizations across the globe lose an estimated 5% of annual revenue to fraudulent activity.
We’ve compiled a list of educational resources focusing on fraud to help you stay informed on the latest developments across a rapidly changing landscape. As fraudsters become more sophisticated in their tactics, turning financial crime into organized business, it’s important to not only understand what’s happening today, but also anticipate what’s coming tomorrow.
To start your journey, join Omri Kletter, VP of Cyber Fraud and Risk Management, as he discusses implications for the payments industry, what we can expect and how to prepare in the podcast, “How fraud and financial crime will look in 2025“.
Check out additional resources below to round out your knowledge and to join the conversation in support of International Fraud Awareness Week activities.
- “Cybersecurity Leadership: A Fresh Look at Fraud” – in this on-demand webinar, a panel of CEOs, including Bottomline CEO Rob Eberle, and CISOs examine the latest payment fraud schemes including BEC, card not present, and insider fraud.
- “Securing Payments and Preventing Fraud in the Digital Age” — in this article, Daniel Bardini, Managing Director of Financial Messaging explores how cyber fraud has evolved, with attacks growing in sophistication and scope, making securing payments a top priority.
- “COVID-19 Fraud Tactics Targeting Business Payments” — in this on-demand webinar, Chris Gerda, Risk and Fraud Prevention Officer, discusses how 240 million COVID-related daily spam messages are blocked by Google and what you can do about the ones that get through.
- “The Threat from Within: Defending Your Organization against Internal Fraud” – this case study examines how one bank to action to protect themselves and their customers against insider attacks with a cloud-based user monitoring platform.
- “Employee Fraud: Anticipate a Resurgence” – this research report takes a look at how employee fraud increases during economic downturns as employees are faced with difficult financial circumstances that can cause them to act out of desperation.
Business Email Compromise
- “Uncover 3 Hidden Liabilities of Business Email Compromise” – this white paper outlines the vulnerabilities that Business Email Compromise (BEC) fraudsters exploit and steps banks can take to protect itself and its customers from loss.
- “When It Comes to Fraud, Every Organization is a Potential Victim” – in this article Chris Gerda, Risk and Fraud Prevention Officer, presents prevention and defense tactics organizations can take against BEC and ransomware attacks.
- “American Banker Fireside Chat: Commercial Banking Fraud in the Era of Payment Innovation” – register for this upcoming seminar on November 16, as American Banker brings together 3 fraud and financial crime experts to discuss the latest innovations in payments and how to leverage them to protect transactions.
- “Protecting Your Small Business Clients from Fraud” – in this ebook you’ll find guidance on 5 things banks and financial institutions need to know about fraud threats to small businesses.
- “Financial Crime in 2020” – this brief video highlights the threats faced by commercial banks and how fraud and compliance are linked as financial criminals get more sophisticated with their attacks.
For further insight into the payments and banking industries, subscribe now and stay up-to-date on the latest tips, trends, and topics. You can also check out The Payments Podcast, where experts engage each other on the real world factors impacting the payments and banking.
Join the Conversation
Do you have expertise you can share to help organizations understand and eliminate the complexity surrounding business payments and banking? Contact firstname.lastname@example.org to add your voice to the conversation.