Preventing Application Fraud and Information Security

(www.bankwebinars.com)

Fraud is a multi-billion dollar industry and the fraudsters aren't just in the big cities. Studies show that the average dollar amount a single fraud case costs an American company has risen to more than $8,000 per incident. While the clever Citicorp commercials have raised the level of consumer awareness, the crooks are more plentiful and more sophisticated than ever. Along with helping you detect and prevent application fraud, we will review some of the latest scams and what you can do to protect yourself, your customer, and your financial institution.
Objectives Of This Two Hour Webinar:

* Is your Identity Theft Prevention Plan up to compliance standards?
* Fighting application fraud on the front-end with people & technology
* Improving your credit application policy & procedures
* Spotting phony identity and support documents that appear to be valid
* Phishing & Pharming scams that jeopardize your financial institution
* Reporting & prosecuting fraud at local, state, and federal levels
* FACTA Requirements - Safeguarding sensitive information & mitigating loss to customer and financial institution
* Six of the most important safety tips to protect your customers