Cybercrime , Fraud Management & Cybercrime , Fraud Risk Management

How to Prevent Wire Transfer Fraud

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.

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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.