Home > Training > Recorded Webinars > Detecting and Mitigating Wire Transfer Fraud
Processing, please wait
  • Detecting and Mitigating Wire Transfer Fraud

    Product id IQW15C8799
Speaker Rayleen Pirnie
Level Basic
Duration 90 Mins
  • Description
  • Why should you attend
  • Areas covered
  • Who will benefit
  • Speaker


According to the FBI, U.S. businesses have already lost an estimated $180million to ONE form of wire fraud alone; many of those businesses didn’t survive the loss. In mid-2015, one San Jose, CA-based networking equipment company disclosed it lost $46.7 million through a scam where they unwittingly wired money to fraudsters. 
Criminals are constantly evolving their scams to circumvent your expectations and controls. This course will arm you with vital information on the latest scams fraudsters are using to rob businesses of their assets. From Business Email Compromise to Supply Chain Fraud, every business is at risk as these crafty tricksters are looking for a big payday, from your bottom line. 
Join us to:
  • Learn how four most common forms of wire fraud occur 
  • Identify sound business practices to thwart these common forms of fraud
  • Isolate security procedures every organization needs, from education to transfer request controls

Why should you attend

Wire transfer fraud has been around almost as long as the payment system itself. Organized crime groups continue to profit from wire fraud, especially scams where they dupe the real account owner into sending a wire transfer under false pretenses. Learn to identify the most common forms of wire fraud and what you can do to prevent losses. 

Areas covered

  • Common forms of Wire Fraud
  • Account Takeover 
  • False Invoices, Money Mules & Advance Fee Frauds 
  • Business Email Compromise
  • Supply Chain Fraud

In each above section, we will also discuss:

                     - Wire Transfer Fraud Detection 

                     - Fraud Mitigation 

                     - Sound business practices to thwart attempts

Who will benefit

All payments professionals who want to expand their knowledge of wire fraud mitigation strategies, including:
  • Business or Bank Investigators
  • Payments Professionals who process wire transfers
  • Auditors
  • Compliance Professionals
  • Third-Parties who process payments for other entities (payment processors)
  • CPAs


Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss. 
For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, The Security Matters annual security conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference. 
Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise