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E-SIGN Security & Fraud Detection

Apr 28 2:00 PM - Apr 28, 2021 3:00 PM
Apr 28, 2021 2:00 PM - 3:00 PM
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Instances of fraud increase exponentially when conducting business online – including with E-SIGN. Although it’s convenient for both sides, the risks must be mitigated to make it worthwhile. Fraud screening must employ a multilayered approach to succeed in diminishing risk. Are your measures adequate?

Learning Objectives

  • Develop a robust risk mitigation strategy for online account opening
  • Use FinCEN guidance to detect and report fraud related to identity theft, false unemployment insurance income claims, and cyber-enabled crime
  • Identify red flags for identity theft
  • Provide consumer protection tips to avoid identity theft and fraud
  • Understand the importance of information security procedures
  • Further ensure e-banking compliance

A global information security organization reported that 85 out of 100 financial institutions have experienced fraud in the digital account opening process. New account fraud rates in the online environment are eight times that of accounts opened in a branch. It is critical that financial institutions use multilayered methods of fraud screening. Some of these methods will include email-specific data, IP, phone, and physical address information. This session will explain the intersection of E-SIGN security and fraud detection and provide valuable tips for educating consumers and identifying fraud.



Susan Costonis, CRCM, Compliance Training and Consulting for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998,completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.



Individual Webinar: $259

Full, 4-part E-Sign Series: $933 (save $103)

The series includes:

To purchase the series, please visit the main E-Sign Series page.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Compliance