Check Fraud: A New Approach to a Persistent Problem
Basic
Online
51:04
Description
In 2023, check fraud accounted for $26.6 billion in losses globally, with 80% impacting customers across the Americas. Every element on a check gives fraudsters the details they need to forge, counterfeit, wash or duplicate — and the challenge is exacerbated by information sold on the dark web and new printing technologies.
The financial industry has been tackling these compounding issues with a siloed approach, with no ability to holistically assess each risk factor uncovered by image analysis, behavioral patterns or mule account identification.
In this webinar, you will explore insights into the complete risk and lifecycle of a check. By utilizing a whole-of-industry approach, machine learning and consortium technologies, you will be equipped to simplify the check fraud prevention process.
Prerequisites
None
You Will Learn How To:
Benefit from collaboration between financial institutions on the depository and in-clearing side to stop check fraud.
Recognize different check fraud scams and the layered approaches needed to combat the total problem.
Utilize consortium analytics to gain insight into the overall risk of fraud as your customers transact with known and unknown entities.
CPE Information
| CPE Credit: | 1.0 |
|---|---|
| NASBA Information: | Accounting |
| Advanced Preparation: | None |
| Last Updated: | October 2024 |
| Delivery Method: | QAS SELF-STUDY |
Frequently Asked Questions
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Will I earn NASBA Continuing Professional Education (CPE) credit for this Sponsored Webinar?
Due to changes in NASBA's CPE standards, we are currently not issuing NASBA-compliant CPE credit for this course; however, your local licensing body may accept CPE earned by completing the sponsored webinar.
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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