David Nussenbaum, Senior Manager, Technology & Information Services, Ernst & Young LLP to Speak at the Knowledge Group’s Mitigating Fraud in Online and Mobile Channels

New York, NY, November 05, 2014 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that David Nussenbaum, Senior Manager, Technology & Information Services, Ernst & Young LLP will speak at the Knowledge Group’s webcast entitled: “Mitigating Fraud in Online and Mobile Channels.” This event is scheduled for February 17, 2015 from 12:00pm – 2:00pm (ET).

For further details, please visit: http://theknowledgegroup.org/event_name/mitigating-fraud-in-online-and-mobile-retail-banking-live-webcast/

About David Nussenbaum

David is a subject matter advisor in bank payments and financial crime management. He has worked in the global banking and telco industries, where he focused on managing projects of leading-edge technology and analytics. David leads the development and delivery of technology solutions to support EY’s financial services-focused fraud control advisory practice.

Relevant Experience
Fraud management program: A major US provider of diverse financial services engaged David’s team in a detailed fraud risk assessment for multiple products and delivery channels. The team also created a three line of defense operating model, including policy, organization staffing, RACI, business context flows and implementation roadmap. in another project the team provided advised on implementation and configuration of the Actimize fraud monitoring solutions.

Risk and control framework for mobile payment products: This project’s objective was for EY to upgrade the global tier-1 bank’s global product launch controls framework to address the unique AML-compliance requirements of next generation/mobile payments products. The team documented control process flows and designed a new framework for managing AML risk in these new products.

Mandated AML, OFAC and sanctions compliance reporting: A foreign bank’s New York branch received an MRA notification for deficiencies in their transaction monitoring, sanctions and OFAC programs.

Credit card fraud risk and controls assessment: At a credit card issuer David’s team conducted a detailed fraud risk and controls assessment, focused on use of the TSYS fraud risk and disputes management platforms. The study identified numerous organizational, technical and procedural opportunities for improvement.

Payments operational risk self-assessment: A US tier-1 bank called upon David’s team to provide OCC-compliance observations and recommendations concerning the Bank’s operational risk control self-assessment work.

Regulation W automation: For a global tier-one bank David’s team documented business, functional and test requirements for a new compliance automation tool to pre-approve RegW 23A covered transactions.

Prior to EY, David led the fraud management businesses at ACI Worldwide and TransUnion. He also held management positions at FICO and JP Morgan.

About Ernst & Young LLP

Improving business performance while managing risk is an increasingly complex business challenge. Whether your focus is on broad business transformation or, more specifically, on achieving growth or optimizing or protecting your business, having the right advisors on your side can make all the difference. Our 30,000 advisory professionals form one of the broadest global advisory networks of any professional organization, offering seasoned, multidisciplinary teams that work with our clients to deliver powerful and exceptional client service. We use proven, integrated methodologies to help you resolve your most challenging business problems, deliver a strong performance in complex market conditions and build sustainable stakeholder confidence for the longer term. We understand that you need services that are adapted to your industry issues, so we bring our broad sector experience and deep subject matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where your strategy and change initiatives are delivering the value your business needs.

Event Synopsis:

A panel of key thought leaders and practitioners will offer a discussion of the fundamentals as well as updates regarding the latest trends and significant issues surrounding key techniques and best practices for reducing the negative effects of fraud online and through the explosive mobile channel.

Speakers will examine what is happening today and what online retailers and business owners can do to protect themselves from fraud losses and cybercriminals.

Key issues include that will be covered in this course are:

− Trends in online fraud
− How data breaches have made payment fraud and account takeover fraud today’s top concerns
− Trends in mobile payments and fraud
− Best practices for reducing fraud and risk
− Offline changes that will negatively affect online merchants
− How online merchants can actually increase sales with proper fraud management
− Two case studies
− A look at an industry-leading fraud solution

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/