Despite all your best efforts, fraud has reared its ugly head at your credit union. What now?
Even the best-run credit unions, which pay close attention to identifying and preventing fraudulent transactions, occasionally fall victim. In the evolutionary battle between the ever-burgeoning varieties of fraud and the increasingly-complex methods of fraud detection and prevention, the fraudsters sometimes gain a temporary technological or emotional edge. (It’s not all deposed Nigerian prince schemes any more.) We generally know the consequences of fraud: financial loss, sometimes a hit to reputation, often a decline in employee morale. In this session on Dealing with the Aftermath of Fraud, you’ll explore what happens the day after. The aim is to use any fraud – or even a detected and unsuccessful attempt at fraud – as a learning experience to address specific risks and exposure to your particular credit union operations.
Key Takeaways
- Use a fraud or near-fraud experience to key critical risk assessment and mitigation techniques to the specific kind of risks your credit union experiences
- Create a post-fraud assessment and “lessons learned” team that avoids unnecessary recriminations and can make concrete recommendations
- Implement damage limitation measures in addition to insuring against risks, including pinpointed employee training, established access channels to vet suspicious transactions, and more
$295 Members | $395 Nonmembers
(Additional $50 for USB)
One registration gives your entire team access to the live webinar and on-demand recording until June 6, 2025
Go to the Online Training Center to access the webinar after purchase »
Who Should Attend
- NCCOs
- NCRMs
- NCBSOs
- Compliance, risk and BSA/fraud titles
Education Credits
Presented By
Attorney, Kaufman & Canoles, P.C