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Top 10 IT Frauds: Risks & Protection Strategies for Financial Institutions

Sep 15 2:00 PM - Sep 15, 2022 3:30 PM
Sep 15, 2022 2:00 PM - 3:30 PM
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How would you score if asked to name the top 10 IT frauds? How is fraud defined in this context anyway? Since cybersecurity threats will likely increase, now is the time to learn the biggest dangers and how to mitigate them.

Learning Objectives

  • Determine if any of the top 10 IT frauds apply to your institution
  • Define and describe key strategies and controls to prevent, monitor, and mitigate risks associated with cybercrime and payment fraud
  • Use technology to detect fraudsters in a way that causes the least irritation and rejection among users
  • Develop a plan to address fraud trends in digital payments

Fraud is defined as wrongful or criminal deception intended to result in financial or personal gain. Another description of fraud is deceit, trickery, or breach of confidence perpetrated for profit or to gain some unfair or dishonest advantage. Financial institutions must always remain alert for fraud in all forms. IT related fraud is a risk area where senior management and directors must deepen their understanding and appreciate the hazards and potential losses. Experts expect cybersecurity risk and risk related to illicit financial activity to remain elevated. Remote workers and expanded use of digital banking products present additional opportunities for illicit activity and IT fraud. Is your institution prepared?



John Moeller, CLA

John Moeller is a principal at CLA and their IT and cyber practice leader for financial institutions. For over30 years, John has served the security and technology needs of financial institutions across the country. His experience includes IT governance and compliance, regulatory guidance, implementation of cybersecurity frameworks, and risk assessments. He is passionate about explaining the why behind recommendations and educating boards and senior management on today’s cybersecurity risks.

John is a frequent speaker on relevant cyber security topics to banking industry groups and associations. He holds several professional certifications, including Certified Information Systems Security Professional, Certified Ethical Hacker, and EC Council – Certified Security Analyst. 




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Fraud, Security & Technology
  • Executive Management