The Federal Financial Institutions Examination Council (FFIEC) issued a statement to notify financial institutions of a type of large dollar value automatic teller machine (ATM) cash-out fraud characterized as Unlimited Operations by the U.S. Secret Service. FFIEC is aware of a recent increase in cyber-attacks launched in connection with this fraud, to gain access to, and alter the settings on, ATM web-based control panels used by small- to medium-size financial institutions. Unlimited Operations may cause financial institutions to incur large dollar losses. With this increased fraud, FFIEC expects financial institutions to take steps to address this threat by reviewing the adequacy of their controls over their information technology networks, card issuer authorization systems, systems that manage ATM parameters, and fraud detection and response processes.
This session will focus on the guidance and provide best business practices to mitigate this type of risk.
Who Should Attend?
$249 for Webinar and Playback*
New Date of Event
Friday, August 24, 2018
Terri Sands AAP
Founder, Secura Risk Management
About the Speaker
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri serves as the Director of the Financial Investigative Unit for State Bank & Trust in Atlanta, Georgia where she is responsible for BSA/AML, physical security, fraud prevention, and payments risk management.
Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), Prior to her work at PIC, Terri served as the President of GACHA, a non-profit, regional payments association. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District. Terri has been an instructor for BankersHub for almost ten years.