Wire Transfer Security: Regulatory Guidance, Risk Management & Monitoring

Registration Options & Pricing

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Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up

Funds transfer fraud and account takeover cause millions of dollars in losses for businesses. Last year, financial institutions filed nearly 39,000 Suspicious Activity Reports on incidents of wire fraud. Cyber attackers continue to grow more sophisticated with their schemes and attempts. Even the largest institutions are vulnerable. Recent high-profile, successful cyberattacks on international wire transfers have raised the bar on examiners’ expectations for your security system and risk monitoring of international and domestic wire transfers.

In this session we will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. We will examine ways to strengthen policies, monitoring, procedures, and risk assessments. Learn about the latest scams and what best practices could mitigate your financial institution’s risk.

Recorded Thursday, July 26, 2018

Attendance certificate provided to self-report CE credits.


  • Review common types of wire fraud
  • We will cover the FFIEC’s recommendations to:
    • Conduct ongoing information security risk assessments
    • Perform security monitoring, prevention, and risk mitigation
    • Protect against unauthorized access
    • Implement and regularly test controls around critical systems
    • Manage business continuity risk
    • Enhance information security awareness and training programs
    • Participate in industry information-sharing forums
  • Discussion of risk management practices and controls over information technology (IT) and wholesale payment systems networks, including authentication, authorization, fraud detection, and response management systems and processes
  • Ongoing assessments of your institution’s ability to mitigate risks related to information security, business continuity, and third-party provider management
  • Overview of International Fund Transfer requirements

    • Sample wire transfer policy
    • Sample wire transfer risk assessment
    • Best practices for online banking users
    • Sample wire log
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key


This informative session is designed for Compliance Officers, IT Officers, Operations Officers, and individuals responsible for initiating and verifying funds transfers.


NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.


Brode Consulting Services, Inc.
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