Cornerstone Credit Union League

Vulnerabilities and Mistakes Identified in “How to Defraud an ODFI in 3 Easy Steps”

MINNEAPOLIS, MN – November 13, 2019 - Argos Risk®, an industry leader of ThirdParty Risk Intelligence (TPRI) solutions, today announced Argos Risk’s Director of Sales and Marketing, Kevin Sasser, will present “How to Defraud an Originating Depository Financial Institution (ODFI) in Three Easy Steps.” The Webinar will be offered by Argos Risk on the 4th of December 2019 to Cornerstone Credit Union League and is hosted by their Payments & Operations Council.

Recognized as a thought-provoking speaker, Sasser has delivered numerous presentations to financial institution executives at conferences, seminar and user group meetings throughout the U.S. “I never thought one decision, while managing a third-party payments processor, would be a life-changing moment,” said Sasser. He now works with hundreds of organizations in implementing best practices for securing and enhancing third-party risk mitigation programs. “Common vulnerabilities, strategic mistakes and my personal life experiences are relayed through an authentic, straight-forward message laced with humor and no-nonsense advice,” Sasser added.

Aimed at payments and operations professionals, Cornerstone Payments and Operations Council provides comprehensive and robust services and information which help all credit unions successfully manage their operations.

In this session, you will learn how a small, Texas-based ballet company became an unknowing participant in a $41 million fraud scheme and where fraudsters used a three-step plan to easily use our payment systems to defeat risk mitigation measures.

About Argos Risk
Argos Risk is a leading provider of Third-Party Risk Intelligence solutions. For almost a decade, we are experts in Third-Party Risk Intelligence services to fulfill a need for timely and comprehensive risk mitigation knowledge. Innovative and affordable subscription services help companies manage the risk associated with their third-party relationships; such as Vendor Management, ACH/RDC originators and lending clients – direct and indirect, and Supply Chain Management.

About Cornerstone Credit Union League
The Cornerstone Credit Union League is the nation’s largest regional credit union trade association, serving more than 550 credit unions in Arkansas, Oklahoma, and Texas. Cornerstone exists to advance the success of credit unions in the region through legislative and grassroots advocacy; regulatory and compliance support; training, educational, and networking opportunities; essential communications related to the news and information affecting the credit union industry; and other products and services that establish Cornerstone as the essential partner for credit unions.
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