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Build a Fraud Response Plan So You Know What To Do If Business Email Compromise (BEC) Happens 

  • Live Date:  Wednesday, June 19, 2024
  • On-Demand Access:  Last Recorded Session
  • Trainer: Debra R Richardson, MBA, APPM, APM, CPRS

session description

According to the FBI’s IC3 Report for 2023 there were 21,489 reported Business Email Compromise (BEC) incidents with an average loss of $134K, up from $71K in 2019. Watch this webinar recording if you are making ACH payments to vendors, but don’t yet have a Fraud Response Plan to handle fraudulent payments and mitigate future risks. As a Certified Fraud Examiner, I'll guide you through the steps you need to take to develop one for your department and/or add steps to your organization’s Fraud Response Plan unique to the vendor process that may have been left out. Together with Financial Operations Network's VendorInfo, discover how to mitigate risks and avoid making fraudulent payments. 


Immediate Takeaways:
  • 5 Steps to Build a Fraud Response Plan for the vendor team
  • Reasons why it’s getting harder to avoid a fraudulent payment
  • What is a Fraud Response Plan and what vendor team processes need to be included
  • How organizations can avoid fraudulent payments
  • Download:  How to Reduce the Risk of Payment Fraud 2023
  • Download:  PDF of the Presentation

session content

Trainer

Debra R Richardson, MBA, CFE, APM, APPM, CPRS

With over 20 years at Fortune 500 companies including Verizon, General Motors, and Aramark, she trains you and your team with the authentication techniques, internal controls, best practices and vendor validations to avoid fraud, fines and bad vendor data. 

A Certified Fraud Examiner (CFE), Debra has extensive experience with many of the most prevalent ERPs, including SAP, PeopleSoft, NetSuite, Intacct and Munis, and have helped those in the private or public sector prevent internal and external fraud.

She serves on the NACHA ACH Network Advisory Board, is the Ask The Expert for vendor master file questions with IOFM, is the Chapter President for the Central Atlantic Region IOFM Chapter, and was named one of the Top 10 AP Influencers three years by the AP Association.  

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