Somehow, I Manage to Control My Risk, Part 3 - Wire Transfer Risk

Corporate Central is partnering with PaymentsFirst to offer a quarterly webinar series designed to help credit union teams strengthen their risk management practices across today’s primary payment channels. Each session focuses on one area of payments risk. The series provides insights into fraud trends, operational risk considerations, and practical steps your credit union can take to improve detection, prevention, and overall program resilience. 

What This Session Will Cover: Wire Transfer Risk
This session provides an in‑depth look at the high‑stakes risks associated with wire transfers and the controls required to safeguard this channel. Topics include:

• Business email compromise and common social engineering tactics
• Impersonation schemes targeting accountholders and staff
• Authentication procedures and effective verification steps
• Out‑of‑band confirmation best practices
• Training and accountholder education to prevent fraudulent activity

This session supports staff in operations, risk teams, and managers responsible for wire processing and fraud oversight.