Different industries and sizes of business experience different types of embezzlement schemes, but there are many commonalities and “red flags.” Check fraud schemes are frequently used for embezzlement. eChecks are new payment method being attacked by fraudsters. eChecks’ vulnerabilities and connection to Holder In Due Course will be detailed. Meanwhile, “old-school” check fraud is still the primary method of payment fraud attempts used by fraudsters and produces more losses than other forms of payment fraud.
Session attendees will be able to identify the “red flags” of embezzlement schemes, including their commonalities and differences, along with specific practices and protocols to prevent them. Distinctions between industries, company sizes, methodologies, etc. will be discussed.

  • Attendees will be able to outline the vulnerabilities of eChecks and other forms of check fraud.
  • They will understand Holder In Due Course rules, how those rules impact their liability for check fraud, and how to employ them in recouping fraud losses.
  • Attendees will examine real-life fraud situations, including what went wrong and how the losses could have been prevented.