SWACHA and the New Orleans FBI to Help Financial Institutions Prevent Fraud at 10th Annual Financial Institution Crime Day September 26, 2013

New Orleans, LA, September 25, 2013 --(PR.com)-- Dallas-based SWACHA will team up with the New Orleans office of the Federal Bureau of Investigation on September 26, 2013, to host the 10th annual FBI Financial Institution Crime Day in New Orleans to help local financial institutions reduce their exposure to fraud. SWACHA is one of the largest not-for-profit electronic payments associations in the country.

The Financial Institution Crime Day 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. The event is designed for fraud investigators at financial institutions and law enforcement officials in White Collar Crime Units.

“While financial institutions are getting smarter about protecting themselves and their customers, criminals are constantly developing new skills to crack even the most secure safety measures,” said Dennis Simmons, AAP, president and CEO of SWACHA. “Through our longstanding collaboration with the New Orleans FBI, we have provided local financial institutions with the tools they need to continue to strengthen their defenses.”

This information is increasingly important for financial institutions as cases of fraud incidence continue to increase. According to a 2013 survey by Javelin Strategy & Research, 5.3 percent of U.S. adults were affected by fraud in 2012 compared to 4.9 percent in 2011. The survey indicated that the increase was driven by dramatic jumps in the two most severe fraud types, new account fraud and account takeover fraud.

In Louisiana, the state is ranked 31st in financial fraud cases per capita according to a report by the Federal Trade Commission, which received more than 18,000 complaints of financial fraud from the state in 2012.

“As financial crime continues to be a rising concern in the U.S., it is vital that financial institutions have the most updated security to protect themselves from these types of crimes,” said Simmons. “This seminar will teach financial institutions and white collar law enforcement officials how to be better prepared against these kinds of attacks.”

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.
Granado Communications Group
Denise Lessard