Fraud Management & Cybercrime , Next-Generation Technologies & Secure Development
The Fraud Deficit: Why Deposit Account Fraud Budgets Need to ShrinkTo effectively manage fraud prevention teams, processes and technology, banks and credit unions must establish annual fraud "budgets" to predict, measure and account for losses and other related costs. Explore the impact of thinking of fraud as a budgeted expense which is "under control" as long as the budget is met and how new approaches can shrink fraud budgets and increase bank profits.
Join industry experts Andy Schmidt, George Tubin and Shirley Inscoe as they discuss:
- The true cost of deposit account fraud
- Why many fraud budgets are too high
- Why check fraud losses continue to go up
- How to effectively engage senior management