Facilitated by Carrie Connell and Matthew Hovis, Wipfli
Financial fraud such as email compromise, elder financial exploitation, identity theft and other targeted scams are a pressing concern for financial institutions. Fraudsters use tactics such as phishing, fake charities, deceptive investments, romantic proposals or pose as computer repair experts. The fraudulent activity not only affects the institution’s customers but also staff, through increased monitoring and regulatory reporting. We will discuss strategies to protect your customers and employees against these threats as well as what type of regulatory and law enforcement reporting is required and which are best practice.