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