Fraud Insights & Prevention

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Fraud is no longer a distant threat—it’s an everyday reality with direct financial consequences. This session will examine how fraud can directly impact your dealership’s revenue, vendor relationships, proprietary data, and reputation.

Join industry expert Jae Park from Wells Fargo for a vital discussion on how today’s most common fraud schemes are putting dealerships at risk. From unauthorized wire transfers and fake vendor payment requests to ACH debit fraud and check scams, you’ll learn how fraud infiltrates payment systems and what proven financial controls can stop it.

Agenda Topics Include:

• The most effective payment controls, such as dual approval, daily reconciliation, and segregation of accounts
• How account validation services, positive pay, and ACH filters protect your bottom line
• Ways to document and communicate internal payment procedures to vendors and staff
• The financial risk of human error and how employee awareness can reduce costly mistakes
• Industry trends and benchmarks, including the percentage of organizations affected and common payment methods exploited

Speaker:

• Jae Park, Executive Director, Wells Fargo