BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//The FENG//NONSGML v1.0//EN
BEGIN:VEVENT
UID:1713894968@thefeng.org
DTSTAMP:20240423T175608Z
DTSTART:20220503T153000Z
DTEND:20220503T170000Z
ORGANIZER;CN=Dan Ruchman:MAILTO:DRuchman@aol.com
SUMMARY:THE FENG: Corporate Fraud -- what it is, what are its warning signs, how to prevent it.
LOCATION:ZOOM MEETING\r\nJoin Zoom Meeting\r\nhttps://us06web.zoom.us/j/98827295269\r\nMeeting ID: 988 2729 5269\r\nOne tap mobile\r\n+12678310333,,98827295269# US (Philadelphia)\r\n+14703812552,,98827295269# US (Atlanta)\r\nDial by your location\r\n        +1 267 831 0333 US (Philadelphia)\r\n        +1 470 381 2552 US (Atlanta)\r\n        +1 646 518 9805 US (New York)\r\n        +1 646 876 9923 US (New York)\r\n        +1 651 372 8299 US (Minnesota)\r\n        +1 786 635 1003 US (Miami)\r\n        +1 301 715 8592 US (Washington DC)\r\n        +1 312 626 6799 US (Chicago)\r\n        +1 470 250 9358 US (Atlanta)\r\n        +1 669 219 2599 US (San Jose)\r\n        +1 669 900 6833 US (San Jose)\r\n        +1 720 928 9299 US (Denver)\r\n        +1 971 247 1195 US (Portland)\r\n        +1 213 338 8477 US (Los Angeles)\r\n        +1 253 215 8782 US (Tacoma)\r\n        +1 346 248 7799 US (Houston)\r\n        +1 408 638 0968 US (San Jose)\r\n        +1 602 753 0140 US (Phoenix)\r\n        +1 647 558 0588 Canada\r\n        +1 438 809 7799 Canada\r\n        +39 069 480 6488 Italy\r\n        +44 330 088 5830 United Kingdom\r\n        +44 208 080 6592 United Kingdom\r\nMeeting ID: 988 2729 5269\r\nFind your local number: https://us06web.zoom.us/u/kcqNhXMwGS\r\nDan Ruchman\r\nSan Diego Chapter Chair\r\nDRuchman@aol.com
DESCRIPTION:Topic: &nbsp;Corporate Fraud -- what it is, what are its warning signs, how to prevent it.Speaker: Ms. Kimberly Nichols Feder, Treasury Management Leader with Banner Bank for the State of CaliforniaPresentation: &nbsp;$1 Trillion and counting.&nbsp;&nbsp;That is a current estimate of the annual worldwide cost of financial fraud.&nbsp; It's a huge number.&nbsp; And it may be an underestimate.Corporate fraud, one way or another, affects every financial executive in America and worldwide.In this session we will be talking about fraud types and trends, as well as prevention and remediation.&nbsp; Fraud has escalated in the business world domestically and internationally over the past decade. Today, it is now less a matter of IF we will experience fraud attempts against each of us personally or our organizations professionally, and more a matter of WHEN, HOW and HOW OFTEN.&nbsp;&nbsp;Kimberly will show us the current trends that financial executives face and need to protect their organizations against.&nbsp; These include such things as check fraud, ACH, fraudulent wire transfer activities, compromised email, embezzlement, the growing sophistication of ransomware.&nbsp;All of these trends add up to a pretty lucrative business worldwide, and we should never fall into the danger of thinking that it is not being run as exactly that: a profitable business, with frequent improvements in technology, its own financial analysts and marketing experts, and its own strategists continually on the lookout for competitive and operational weaknesses in its target companies.&nbsp;&nbsp;Kim will discuss preventive measures and safeguards, to help mitigate occurrences of fraud, throughout her presentation and discussion.&nbsp;From this presentation, you can expect to take away a lot of knowledge about fraud and fraud prevention, including:-&nbsp;What behavioral changes could be a sign of pending or ongoing embezzlement?- Does payment fraud affect a significant portion of companies, or is it confined to a relatively small minority of companies who are not being careful?- What process changes can help prevent or reduce fraud -- and which ones make no difference?-&nbsp; What are the hidden costs of fraud -- i.e., the parts of the iceberg below the surface -- beyond the obvious and most visible cost of the fraud itself?- What is Business Email Compromise, and is it a significant problem?-&nbsp; Can moving your business from receiving check payments to ACH and wire reduce the incidence of fraud?- What staff education steps are absolutely necessary to reduce fraud?Corporate fraud is growing -- but it is combatable.&nbsp; Get ready to be informed and and engaged during this one-hour presentation by Kim Feder at this session tomorrow.&nbsp; Bring your own fraud war stories, and prepare for a highly interactive session.Speaker's bio:Kim Feder, Senior Vice President at Banner Bank is, a financial services executive with expertise in Treasury Management.&nbsp; Kim has a successful track record in both leading internal teams and in helping the bank's clients improve their treasury management and other aspects of their operational effectiveness. Kim has a strong sense of responsibility and is driven to make a difference for her clients.&nbsp; She thrives on helping others to accomplish their objectives and goals.Prior to Banner Bank, Kim served as Managing Director and Senior VP at Union Bank, and Senior VP and California Division Manager for Treasury Management Sales at Wells Fargo Bank.Kim is involved in her professional community as Co-President of the Southern California Association for Financial Professionals.&nbsp; She is a Board member of City Scholars Foundation dedicated to educating and empowering nonprofit CEO’s to help low-income youth stay in school, out of trouble and on track to a brighter future.&nbsp; &nbsp;And Kim is Board Chair of the Mixed Roots Foundation supporting foster and adopted youth and their families.&nbsp; Kim is also involved in working to expand the Monarch butterfly population in California.&nbsp;&nbsp;Kim is married with two young adult children and has two rescue dogs.&nbsp; She is a native Northern Californian and a graduate of the University of California at Davis with a BA in English.&nbsp;As always, the meeting is free to FENG members and their guests. We're always glad to welcome our friends from PwC, other FENG chapters around the country, the SIG members noted above, and any guest you as a member may wish to invite. There will be 1.0 hour CPE credit given to all participants requesting it and who are present for the presentation.To Attend:Meetings are for members, prospective members and invited guests only. For non-members, RSVP is required by writing to chapter chair, Dan Ruchman at DRuchman@aol.com. Please include a one or two sentence description of who you are, and your interest in attending the meeting. Thank you.+++CPE Credits: Reminder for those members maintaining their professional certifications - we offer the documentation for Continuing Professional Education (CPE) credits for our speaker presentations. For those members interested in this, you may complete the appropriate forms, which we'll have available at the meeting, for 1.0 hours of CPE credit+++Zoom Screen: Make sure your First and Last Name appear on your screen.
END:VEVENT
END:VCALENDAR