April 18th | Time: 1:00pm – 2:00pm EDT | Duration: 60 Minutes
The Federal regulators put together a list of 26 “Red Flags” to help banks deal with ID theft and identity fraudulent attempts to take over accounts. But the list is not organized for ease of use and they are not a comprehensive guide.
In this session, we have organized the Red Flags into related functional areas and, for each area we provide additional tips and information based on years of consulting with major banks from the perspectives of prevention, loss reduction, detection, and investigations. We will also look into the near-term future, discussing techniques being implemented to leaders in the field and being looked at for future improvements in identification technologies.
If you want to create pro-active standards and processes which will work together to identify reasons to be suspicious and additional steps to take to confront identity fraudulence, then joins us for this session.
Learning Objectives:
During this course, you will learn;
- An overview of key fraud control points
- Red flags indicating ID threats for new accounts
- Get valuable assistance to all identification issues
- How improved identification approaches can save from losses
Why Should You Attend:
Today’s fraudsters are not using their real names, addresses or Social Security numbers. They are using stolen identity tokens, stolen identities and totally fabricated identities.
While this makes fraud investigations much harder, it also provides opportunities for banks to spot potential fraud before it happens by spotting indications of identity issues before fraudulent transactions even have an opportunity to take place.
We will also look into the near-term future, discussing techniques being implemented to leaders in the field and being looked at for future improvements in identification technologies.
Areas Covered In This Webinar:
- Overview of key fraud control points
- Red flags indicating ID threats for new accounts
- On application
- On credit reports
- On documents provided
- On early use of new credit
- Red flags indicating ID threats for existing accounts
- Directions for ID Tools
Learning Objectives:
- Get valuable assistance to all identification issues
- How improved identification approaches can save from losses
Instructor Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud.
At AtoZ Compliance, we focus on our core values – quality, expertise, and customer experience which are the foundation of our business. We take extreme care in selecting topics which are highly relevant to you.
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