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How to Prevent Wire Transfer Fraud


BankInfoSecurity
gsuparna) •
April 19, 2021    
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.
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 fus ....

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