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Course Description

Payment fraud has existed since before the founding of our country, and has accelerated exponentially since the advent of the internet. Covid-19 has created a fertile bed for even more payment fraud of all stripes.

The webinar will discuss BEC and VEC scams, Wire Fraud, and ACH Fraud, and how criminals make increasingly sophisticated inroads into your bank accounts. The presenter will share real-life fraud situations, including how the fraud attempt occurred and specific strategies on how losses can be prevented or reduced. The attendees will received specific, straightforward strategies to prevent and reduce fraud, and to protect their organizations from losses.

The following are some of the scams discussed at length:

  • BUSINESS EMAIL COMPROMISE SCAMS (BEC) - Business Email Compromise (BEC) scams continue to explode. They are often paired with wire fraud, payment diversion, and account takeovers. Attendees will be able to detect common and complex BEC scam scenarios and implement proactive controls that are imperative to protect themselves and their organizations from fraud.
  • VENDOR EMAIL COMPROMISE SCAMS (VEC) - Vendor Email Compromise scams (VEC), a variant of BEC Scams, are already producing substantial losses and target an organization’s vendors, not the organization itself. Specific strategies to be discussed can greatly reduce losses. Attendees will navigate the latest inroads of VEC scams, and receive straight-forward, actionable advice to prevent losses.
  • WIRE FRAUD - Wire fraud skyrocketed from 3% of payment fraud attempts in 2010 to 40% today, and intertwines with epidemic-level BEC scams and check fraud. It is very preventable with specific internal protocols and approaches to fraud prevention.

  • ACH FRAUD - ACH payment fraud has risen dramatically in the last two years. Unauthorized ACH debits, and ACH payments unwittingly sent to fraudsters instead of intended vendors due to bogus change-of-bank-and-remittance instructions, are not the bank’s liability. These fraudulent transactions cannot be returned or recalled after 24 hours, making prevention crucial.
  • Fraud may shift between payment methods and communication styles and types, but it is not going away in our lifetimes! Its scope is expanding astronomically. Recently, a clear integration of social engineering and technology with both new and old-school payment systems has emerged. Fraudsters are more sophisticated and subversive.

  • This is a significantly important webinar for the accounting and tax professionals who want to safeguard the interest of their clients. Real-life fraud situations will be discussed, including how the fraud attempt occurred and specific strategies on how losses can be prevented or reduced

Learning objectives

  • To identify specific payment fraud strategies used by criminals to infiltrate your organization’s payment systems.
  • To develop straightforward protocols to prevent and reduce various types of online and old-school payment fraud.
  • To understand an organization’s versus a bank’s liability in various fraud scenarios.

About Presenter

Greg Litster

President, SAFEchecks: Abagnale Superbuisness Check

greg@safecheckes.com

Greg Litster is president and founder of SAFEChecks, and is editor of Frank Abagnale’s Fraud Bulletin. Greg is a former banker of 18 years, has written articles published in AFP Exchange, American Payroll Association, American Land Title Association, and Sheshunoff’s Corporate Cash Management  Manual.  He has served as an expert witness on several national and international check fraud and embezzlement cases, and has spoken on fraud prevention across the country for numerous financial institutions and professional organizations, including AFP, GFOA, Texpo, SoCal Expo. Greg earned a Bachelor of Science in Economics and an MBA in Finance, both from Brigham Young University. 

SAFEChecks provides the most secure business and personal checks in the United States and Canada. SAFEChecks has never had a check replicated and used in a check fraud scam. SAFEChecks’ strictly controlled check stock is designed with Frank Abagnale, and includes numerous security features and Secure Ordering Procedures. We also offer secure Check Writing, Positive Pay, and ACH software, which includes Secure Name and Number Fonts to prevent fraudulent additions or alterations. Our software includes signature controls, security features, and a unique Payee Positive Pay Barcode on each check. 

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(108)
65%
33%
2%
0%
0%
  • PL
    Paula LevineHeise
    Oct 23rd 2020
    I have attended a webinar with this presenter before, and he is amazing. Always informative and interesting. I take time during my work day to attend these, and this is definitely a good use of my time.

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 through its website: www.NASBARegistry.org.

upcoming Live CPE Webinars

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Monday, November 30, 2020 | 09:30 AM EST View Details/Register
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BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Corporate External Financial Reporting Decisions
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
TAX PRACTITIONERS ETHICS (LATEST 2020)
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
Year-End Payroll Updates (Latest)
Monday, November 30, 2020 | 01:00 PM EST View Details/Register
  • Cost FREE
  • CPE Credits 1
  • Subject Area Specialized Knowledge
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Young CPA Tax Accountant (Industry) Senior Accountant
  • Handout Material Download

upcoming Live CPE Webinars

Beyond the Numbers: Understanding the Important Gift, Estate, and Income Tax Elections
Monday, November 30, 2020 | 09:30 AM EST View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Employment law landmines from recruiting to termination
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing
Monday, November 30, 2020 | 10:00 AM EST View Details/Register
QBO Running reports - Information, Analysis & Better Decision
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Corporate External Financial Reporting Decisions
Monday, November 30, 2020 | 08:00 AM PST View Details/Register
Section 199A Update
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
TAX PRACTITIONERS ETHICS (LATEST 2020)
Monday, November 30, 2020 | 11:00 AM EST View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, November 30, 2020 | 12:00 PM EST View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Monday, November 30, 2020 | 12:30 PM EST View Details/Register
Year-End Payroll Updates (Latest)
Monday, November 30, 2020 | 01:00 PM EST View Details/Register