Topic: 2024 Fraud Trends and Suggested Practices
Speakers: Randy Wilborn, CTP, CFE, VP Treasury Management Products and Services, Regions Bank and Jeffrey Taylor, CTP, SVP, Corporate Banking Group Fraud Forensics, Regions Bank
Topic Description: This presentation will address some of the most recent trends seen in the rising financial fraud attacks that’s impacting small and large companies across the county. A variety of financial fraud schemes will be discussed including tips for spotting them. An explanation will be given for how those schemes are carried out by fraudsters and industry suggested practices used to help prevent your organization from becoming a victim will be provided. Some of the most common schemes involve Business Email Compromise, Check Fraud and Cyber Crimes, just to name a few.”
Speaker Bios:
Randy Wilborn
With over twenty-five years of banking and financial services experience, Randy has held a variety of banking roles. Prior to his current position, he served as a product manager for ACH, EDI (Electronic Data Interchange), and Wire Transfer. Earlier in his career, he worked with BNY Mellon in Pittsburgh, Pennsylvania as a product manager for Business Banking solutions and at BBVA Compass where he managed commercial retirement accounts. He also worked as a market research analyst.
Randy earned a B.S. in Accounting with a minor in Marketing from Tuskegee University, a Master of Arts in Public and Private Management from Birmingham-Southern College, and completed the BMA School for Bank Marketing and Management held at the University of Colorado.
Randy earned his Accredited ACH Professional (AAP) designation in 2003. He is currently a Certified Treasury Professional (CTP) and a Certified Fraud Examiner (CFE). He has previously served on the Board of Directors for the Alabama AFP (Association of Financial Professionals) and PaymentsFirst.
Jeff Taylor
Jeff joined Regions in 2014 and serves in a leadership role within the Regions Corporate Bank. He leads the Bank’s efforts to evaluate, mitigate, and educate Commercial and Corporate clients regarding payments fraud. Jeff has also led the Treasury Management Products and Services team responsible for Payables, Receivables and Fraud solutions.
A 27-year banking veteran, Jeff has held positions in Treasury Management with other financial institutions, as well as experience in sales and management in other industry segments.
He earned his degree in Business Administration from Freed-Hardeman University and has also earned the Certified Treasury Professional designation from the Association for Financial Professionals. He has served in leadership roles of the Alabama Association for Financial Professionals and has been a presenter at the AFP National Conference as well as other industry roundtables and client education seminars. He also leads and participates in national fraud consortiums focusing on the financial services industry.
Jeff currently serves on the Board of Directors for The Bell Center, a nonprofit organization dedicated to maximizing the potential of children from birth to three years of age who are at risk for developmental delay.
