Cybercrime , Fraud Management & Cybercrime , Fraud Risk Management

How to Prevent Wire Transfer Fraud

Experts Offer Risk Mitigation Insights
From left: Matthew O’Neill, Cindy Liebes and Steven Baker

How is wire transfer fraud evolving, and how can the risk be mitigated? Three experts - Cindy Liebes, chief program officer at Cybercrime Support Network; Matthew O’Neill, special agent at the U.S. Secret Service; and Steven Baker, former director of the Federal Trade Commission's Midwest Region - provide insights in this panel discussion.

See Also: Check Kiting In The Digital Age

In a video interview with Information Security Media Group, the panelists discuss:

  • Common methods of wire transfer fraud;
  • Technologies that can be leveraged to mitigate the fraud risks;
  • Why employee training is an essential component of fighting fraud.

O’Neill is a special agent with the U.S. Secret Service assigned to the office of investigations. In 2017, he transferred to the USSS Criminal Investigative Division and started the agency’s Global Investigative Operations Center as a centralized fusion center for agency investigative operations.

Liebes is chief program officer at Cybercrime Support Network. Previously, she was the regional director for the Southeast Regional Office of the Federal Trade Commission.

Baker recently retired after 32 years at the Federal Trade Commission, 28 of them serving as director of the Midwest Region in Chicago. He is one of the founders of the Toronto Strategic Partnership, which was developed to fight cross-border fraud and work with international partners.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

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