Fraud Symposium

Welcome

Local Law Enforcement

ATM Risk and Responsibilities

ATMs have become an attack vector for bad actors against financial institutions. These vectors include skimming (card cloning), hook and chain, top enclosure (top hat), and robbery attacks. With each attack Fis have a responsibility (contractual obligation) to put measures in place to prevent and deter these types of attacks. During this session Mike, will identify the threats and considerations to make sure these attacks are not only deterred but institutions understand obligations they have prior to and after an incident has taken place.

Check Fraud

Have you encountered check fraud lately. We’re counting the fact that you have and it’s not fun! This type of fraud seems to be on the rise, and we’ve got experts lined up and ready to talk to you about the many facets of check fraud and how to combat it. We’ll discuss altered, counterfeit and forged checks. You’ll hear about check kiting; paper hanging and even watch our expert wash a check and show you the tangible differences between what it feels like to hold a washed check! 

Around the Room

Q&A and open discussion with attendees, UMACHA will moderate this peer discussion segment.  Bring your challenging question to your fraud and crime issues. 

ACH/Wire Origination Fraud

For the past few years, fraud related to ACH or Wire origination has increased due to business email compromise or other scams to induce authorized personnel to send a fraudulent payment or to give up their login credentials.  To counter growing credit-push fraud, Nacha has new rule changes requiring ACH participants to establish and implement risk-based processes or procedures used to identify ACH payments initiated due to fraud.  But what about wires?  During this session, we’ll discuss various best practices to help both ACH/Wire fraud mitigation while getting into the details of Nacha’s upcoming 2026 rule changes.  Furthermore, we’ll talk about how financial institutions can help their Originators to reduce the incidence of fraud risk. 

Table-Top Exercise: Ransomware

Table-top tests are a great way for organizations to test their ability to respond to an event. This interactive session, based on Nacha’s Payments Innovation Alliance (PIA) Cybersecurity for Small to Medium-Sized Businesses, will put attendees into small groups to walk through a ransomware attack on a fictional business. After the session, attendees will be able to take the materials back to their organization for their own table-top testing.

Closing Remarks & Prize Drawings