SWACHA and the New Orleans FBI to Help Financial Institutions Prevent Fraud at Financial Institution Crime Day

Dallas, TX, October 11, 2012 --(PR.com)-- To help local banks and credit unions reduce their exposure to financial fraud, Dallas-based SWACHA will team up with the New Orleans office of the Federal Bureau of Investigation on October 11, 2012, to host the FBI Financial Institution Crime Day in New Orleans. SWACHA is one of the largest not-for-profit regional electronic payments associations in the country with more than 1,100 members in the Southwest.

The Financial Institution Crime Day, designed for fraud investigators at financial institutions and law enforcement officials in White Collar Crime Units, will cover issues such as emerging economic crimes; the impact of bank robberies; new counterfeiting laws; credit and debit card fraud; and payment fraud trends in Louisiana and across the country.

This information is increasingly important for financial institutions as cases of financial fraud have increased by 59 percent in the last five years according to a report by the Federal Trade Commission, which received more than 1.8 million complaints of financial fraud in 2011. Louisiana ranks 31st in the number of financial fraud cases per capita, with 18,000 cases emerging from the state last year

“The increasing trends of financial crimes targeted at banks and credit unions around the country show that cybercriminals are constantly honing their skills,” said Dennis Simmons, AAP, president and CEO of SWACHA. “But financial institutions are also getting smarter about how they protect themselves, which is why we formed this partnership with the New Orleans FBI to give these local financial institutions the tools they need to continue to strengthen their defenses.”

"The FBI strongly believes that as financial crimes evolve in technological complexity, we must adapt and enhance our own investigative capabilities to stay ahead of our adversaries,” said Michael J. Anderson, SAC, New Orleans FBI. “A critical element of this adaption is our close partnership with organizations like SWACHA."

The event will be held from 8 a.m. to 4 p.m. at Harrah’s New Orleans Hotel, 228 Poydras Street New Orleans, LA 70130. For more information visit www.swacha.org

SWACHA-The Electronic Payments Resource®, is one of the largest not-for-profit regional payments associations in the country with approximately 1,100 members across the Southwest. SWACHA is the resource of choice for financial institutions and corporations in the areas of education, training, payments system risks and knowledge about electronic payments. For more information visit:

Web: www.swacha.org
Facebook: www.facebook.com/bringingpaymentstogether
Twitter: @SWACHA
Granado Communications Group
Chris Martin