One step to effectively combat fraud is to understand the various fraud risks your institution faces. Vendor fraud is one key fraud category to be alert of. Vendor fraud involves schemes in which someone manipulates an institution’s accounts payable and payment systems for illegal gain. The attempts can look legitimate and cases are on the rise. 

MICU and member services partner Forvis (Formerly, BKD) are hosting an informational webinar for MICU member institutions on November 15 at 3pm to discuss this.

During the webinar we will address: 

• Examples of fraud and how they could be prevented/detected 

• Recent trends in fraud

• Reducing vendor fraud risk

• Ways to mitigate risk 

• What to do if you suspect fraud