Emerging Payment Fraud Threats & How to Protect Your Accounts Payable Department

Fraudsters are constantly crafting new schemes to trick AP into handing over critical data and misdirecting payments. We know that policies and procedures alone won’t protect you from payment fraud, so what will?   

Join IOFM’s Mark Brousseau and Bottomline’s Risk and Fraud Prevention Officer Chris Gerda as they talk through how to protect your AP team from today’s top emerging B2B payment fraud schemes.  

Learn about these scammers’ increasingly sophisticated tricks and how your AP team can spot and prevent fraud attacks.  Topics we’ll cover include: 

• Business email compromise & imposter vendors 
• Business identity authentication – “the moat around the castle” 
• The total cost of payment fraud 
• Our unfiltered thoughts via a fireside chat 

Mark Brousseau
President, Brousseau & Associates 

Over the past 26 years, Mark Brousseau has established himself as a thought leader on accounts payable, accounts receivable, payments and document automation.   A popular speaker at industry conferences and on webinars and podcasts, Brousseau advises prominent end-users and solutions and services providers on how to use automation to improve document- and payments-driven business processes.  Brousseau has chaired numerous educational conferences and has served on several industry committees and boards.  He resides in Center City Philadelphia with his wife and three sons.

Chris Gerda
Risk and Fraud Prevention Officer, Bottomline

Chris Gerda serves as the head of risk and fraud prevention overseeing the Paymode-X B2B payment network for Bottomline. He is responsible for overall anti-fraud strategy and technology initiatives to maintain the security of $300 billion in payments within the 500,000+ network membership base. 

Prior to joining Bottomline, Chris served as the Bank Secrecy Act Manager at Pershing LLC, the largest Broker-Dealer Clearing Firm in the United States. He has managed investigations of complex financial crime schemes and money laundering internationally and previously served in a senior investigative role in Anti-Money Laundering at the Bank of New York Mellon. Chris is a former police officer and a United States Army Veteran. He holds a B.S. in Criminal Justice from Plymouth State University and an M.S. in Fraud and Forensics from Carlow University.