Combating Payments Fraud Track 

Fighting Fraud on New Fronts and in New Forms

Mobile transactions are an enticing draw for criminals, particularly as mobile devices are increasingly being used for commercial applications. Card fraud meanwhile continues to grow and shows no sign of slowing. How can card issuers respond and what are the best practices for detection and prevention? Recent studies show that financial institutions still struggle with the basics of account takeover and how to address this growing problem This type of fraud continues to evolve as law enforcement and regulatory agencies work with the industry to help combat it. Adding to the mix, insider fraud can be your organization’s biggest threat. What behaviors and trends are associated with this crime and what goes into creating a fraud-adverse environment.

The Combating Payments Fraud track drills down on the newest forms of fraud and the old familiar threats. Learn what’s working and what’s not and how to prevent and detect fraud internally and externally to increase profitability for your organization.

Actionable Take-Aways

Step up your game as criminals move to new fraud fronts and schemes:

  • Where is mobile fraud showing up today and where will it attack tomorrow
  • Monitoring for vulnerabilities as P2P payments advance
  • Latest in the multi-front (channel) war on account takeover
  • Mitigating fraud risk in prepaid transactions
  • Where the Durbin Amendment leaves the payments fraud effort
  • Card fraud issues – chip and PIN
  • RDC fraud and ways to prevent it
  • New strategies to address the billion dollar fraud problem
  • Top 10 fraud schemes and how to counter them
  • Cross channel fraud detection and prevention
  • Cyber threat intelligence
  • Growing problem of account takeover
  

Track Sponsored by:

    Guardian Analytics

Complimentary Whitepaper from Guardian Analytics:

FFIEC Online Banking Security Readiness Study – Executive Summary
This December 2011 study reflects what financial institutions are doing to meet the FFIEC’s 2012 deadline for improving online banking security. Findings cover overall business drivers plus specific action related to risk assessments, anomaly detection, customer education, and technology investments.
All events

Are You Really Who You Claim to Be? Improving Online Authentication

Tuesday, March 13
2:15 PM - 3:15 PM

Mike Fowkes, Senior Vice President, Fraud Prevention and Security Analytics, Zions Bancorporation
Douglas Foster, Bank Technology Analyst, Office of the Comptroller of the Currency
Tiffany Riley, Vice President, Marketing, Guardian Analytics
Moderator: Doug Johnson, Vice President, Risk Management Policy, American Bankers Association

Innovations in retail payment service offerings today require a more robust and comprehensive approach to risk management.  As fraud schemes become more sophisticated and complex, taking measures to combat illicit activity early through authentication and account monitoring are increasingly imperative. How will industry participants address the hardware and software advances necessary to meet the new FFIEC guidance requirements? In this session, presenters will discuss:

  • The enhanced regulatory examination expectations contained in the guidance
  • What financial institutions need to consider when preparing for an examination
  • The impact the supplementation guidance will have on risk management strategies for customer authentication
  • Strategies for implementing a layered-security approach