Thursday, April 04, 2013
(GMT-05:00) Eastern Time (US & Canada)
Wire transfer fraud continues to plague the credit union industry. Credit unions continue to incur large losses by accepting transfer requests remotely from members. This session will include a discussion on the following:
Why callback verifications are losing their effectiveness for authenticating wire transfer requests not made in-person;
Hacking personal email accounts provides a new twist to wire fraud; and
Options to consider for transfer requests not made in-person.
Speaker: Ken Otsuka is a Risk Manager in the Credit Union Protection Risk Management Department for CUNA Mutual Group. In this role, Ken assists credit unions in identifying areas of risk in their operations and recommends best practices to reduce loss exposure. He also provides training for credit union employees. He is based in Chicago, Illinois.
Ken joined Risk Management in 1990 after spending eight years as an auditor at another insurance company.
A graduate of Northern Illinois University, Ken earned a Bachelor’s Degree in accounting and a Certified Public Accountant designation in 1982.
Location: Via Telephone
Time: 11:00 am - 12:00 pm EST
Educational Investment: $109.00 per telephone connection. Unlimited Listeners and Free Audio Archive
****You must be registered for this session to hear the audio-recorded version and receive handouts.****
AUDIO ARCHIVE! Can't tune in today? This session will be available on-line for 30 days after activation.
To register and pay by check, email firstname.lastname@example.org and your credit union will be invoiced. To register and pay online, click here.