myCPE
myCPE

Fraud Trends for the Future Series - Part 2 5 Credits

Dec 24, 2024, 02:00 PM ET

Fraud Trends for the Future Series - Part 2 5 Credits

Digital Payments Fraud, Understanding Synthetic Identities, and Mitigation Methods for Synthetics Identities

  • Rating

    4.6
  • Reviewed on

    February, 2024
  • Subject Area

    Information Technology

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Dec 24, 2024, 02:00 PM ET

Learning Objective

  • Explore current fraud trends and their business implications, including synthetic identity creation and statistics.
  • Define synthetic identities and their role in fraud, highlighting SOCURE's 10-step mitigation process.
  • Analyze a case study on synthetic identity fraud impact and mitigation strategies.
  • Investigate emerging digital payment methods and associated fraud risks.
  • Discuss strategies and tools for securing digital payment processes.

Course Overview

Being aware of fraudsters' strategies is crucial in the always-changing world of fraud. The threats are constant, ranging from fraud including automation and machine learning to the worrisome increase in account takeover.

This CPE Information Technology webinar delves deeper into the impact of adopting new digital payment methods on fraud risks and mitigation strategies. As digital payment methods gain popularity, staying updated with trends and compliance requirements becomes crucial to ensure transaction and customer data security. We cover synthetic identity fraud, a challenging financial crime involving the creation of fake identities using a mix of real and false personal information. We examine fraudsters' methods, including automation and machine learning fraud, and give an outline of account takeover.

During this webinar, we will examine tools and techniques available to prevent and mitigate the risks of synthetic identity theft. This course explores SOCURE's 10-step mitigation process, identifies other identity theft solutions, and discusses actions to take if you become a victim of synthetic ID theft. 

By the end of this course on synthetic identity fraud, we will gain an in-depth understanding of the various mitigation methods available to combat this type of financial crime. Equipped with this knowledge, we will be empowered to protect yourself and your organization from the risks associated with synthetic identity fraud. Additionally, we will acquire a comprehensive understanding of the techniques employed by fraudsters in perpetrating synthetic identity fraud, enabling you to stay vigilant and implement effective preventive measures.

Major Topics Covered

  • Top fraud trends, and new digital payment methods and trends.
  • Evaluate compliance trends. 
  • Researching beyond digital payments.
  • Examine digital payment fraud mitigation tactics.
  • Synthetic identities, how they are created, why it is a priority. 

Tools for mitigating of synthetic identity, what you can do when you fall victim to synthetic ID theft.

Join us in this Part 2 of Fraud Trends for the Future Series to gain valuable knowledge and tools that will enable you to navigate the evolving landscape of fraud risks and protect your business effectively.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credits

5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Advance Your Career with Lynn Fountain's CE/CPE/CPD Webinars
Lynn Fountain , CRMA

Owner, Lynn Fountain Consulting and Training

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Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books.  

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials. 


On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Anne Sorensen, CPA (US)

Course was very informative and well done.

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Angel Sotomayor, CPA (US)

very informative and interesting

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