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Trends in Ransomware: Your Responsibility as a Financial Institution to Identify and Report

On Demand Course
Instructor: Uday Gulvadi

Duration:

What You'll Learn

Ransomware is a significant type of cyber-attack that is increasing and impacting all size businesses and often delivered through a phishing message. There has been in increase in the number of businesses that are victims of ransomware and often panic and pay the ransom through Bitcoin or other cryptocurrency networks to ensure the payment is untraceable. This session will cover the trends, red flag events to understand that possibly identify a customer paying this ransomware and FinCEN’s expectations for financial institutions on reporting.

 

Who Should Attend?

  • Deposit Operations/Electronic Banking
  • Client Facing Teams
  • BSA and Fraud
  • Treasury Sales and Operations
  • Compliance Officers
  • Internal Audit
  • Information Security/Technology
  • Senior Management
  • Payments Professionals

 

About the Author:

Uday Gulvadi
Uday Gulvadi
Uday Gulvadi is a Managing Director in the Disputes, Claims, & Investigations group. He is a financial crimes, internal audit, and risk advisory expert with over 20 years of experience in risk, compliance, anti-money laundering (AML), financial crimes compliance, and internal audit. Mr. Gulvadi brings extensive international business experience successfully leading and delivering projects with international clients in the U.S., Europe, and Asia. He has held Partner and Director positions within the internal audit and risk management practices at leading national and regional accounting and advisory firms. He brings considerable global expertise as a business and practice leader with responsibilities for: client relationship management; new product/service development, marketing, branding, and positioning of professional advisory services; building and mentoring a team of professionals; service quality enhancements; knowledge management; and innovation. Mr. Gulvadi specializes in advising boards, audit committees, and senior management on their most challenging financial crimes compliance, governance, and risk and compliance matters, including enterprise risk management, AML and sanctions program governance, model validations, risk-based internal audits, information technology, and cybersecurity audit and controls.

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