Wire Fraud QuickBite
Thursday, April 4
In Your Credit Union
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.
Over $75 million - $109 per telephone connection
$7-$75 million - $89 per telephone connection
Under $7 million - $59 per telephone connection
An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.
Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.
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