Cybersecurity and Fraud Prevention in the Accounts Receivable Management Industry
Essential Insights from Wanda Borges of Borges & Associates LLC
The upcoming World Credit Congress in Orlando, scheduled for October 14-16, will feature a crucial session on “Cybersecurity and Fraud Prevention in the Accounts Receivables Management Industry” presented by Wanda Borges. This timely presentation addresses the growing concerns in the Accounts Receivable Management (A.R.M.) industry regarding cyber threats and fraudulent activities.
About Wanda Borges
Wanda Borges brings a wealth of experience to this presentation. As the principal member of Borges & Associates, LLC, a certified Minority and Women’s Business Enterprise law firm in Syosset, New York, she has over four decades of expertise in commercial litigation and creditors’ rights in bankruptcy matters. Her impressive credentials include serving as a Past President of the Commercial Law League of America and holding a position on the Board of the International Association of Commercial Collectors.
Borges is widely recognized for her educational programs and articles on legal matters relevant to corporate credit departments and attorneys. Her contributions to the field have earned her numerous accolades, including the prestigious “Robert E. Caine Award for Leadership”. Since 2009, she has been consistently listed in New York Super Lawyers – Metro Edition for her expertise in Bankruptcy & Creditor/Debtor Rights.
Session Overview
The session on “Cybersecurity and Fraud Prevention in the Accounts Receivables Management Industry” aims to equip credit professionals and debt collection agencies with essential knowledge and strategies to protect sensitive data, secure financial transactions, and prevent fraud in an increasingly digital landscape.
Key Topics
Cybersecurity Fundamentals and Emerging Threats
Ms. Borges will explore the common cyber threats targeting the A.R.M. industry, including phishing, ransomware, and identity theft. Attendees will learn how to recognize potential system attacks, whether working onsite or remotely, emphasizing the importance of vigilance in all work environments.
Data Protection and Fraud Prevention Best Practices
The presentation will cover best practices for safeguarding customer information and detecting fraud. This knowledge is crucial for maintaining the integrity of financial transactions and protecting sensitive data in the A.R.M. industry.
Regulatory Compliance
With the ever-evolving landscape of data privacy regulations, Borges will discuss compliance requirements specific to the A.R.M. industry. This information is vital for organizations to avoid legal pitfalls and maintain trust with their clients and customers.
Real-World Case Studies
To illustrate the real and present dangers faced by the industry, Ms. Borges will present case studies of actual cyberattacks and fraud incidents. These examples will serve to highlight the risks and underscore the critical importance of implementing robust security measures.
Credit Card Fraud
Given the increasing prevalence of credit card use, Ms. Borges will dedicate a portion of her presentation to discussing credit card fraud. She will explore how some cyber-crime groups specifically target payment card information, providing insights on how to protect against these threats.
The Significance of the Session
The A.R.M. industry deals with vast amounts of sensitive financial and personal data, making it an attractive target for cybercriminals. As technology advances, then so do the methods employed by these bad actors. This session comes at a crucial time when the industry must stay ahead of these evolving threats to protect both their operations and their clients’ interests.
Ms. Borges’ presentation will not only raise awareness about the current cybersecurity landscape but also provide actionable strategies for prevention and mitigation. By attending this session, participants will gain valuable insights that can be immediately applied to strengthen their organizations’ cybersecurity posture and fraud prevention measures.
The inclusion of real-world examples and case studies will bring these concepts to life, demonstrating the potential consequences of inadequate security measures and the benefits of robust cybersecurity practices. This practical approach will help attendees understand the tangible impact of cybersecurity measures on their day-to-day operations and long-term business sustainability.
In conclusion, Wanda Borges’ session on “Cybersecurity and Fraud Prevention in the Accounts Receivables Management Industry” at the World Credit Congress promises to be an invaluable resource for professionals in the A.R.M. industry. By combining her extensive legal expertise with practical insights into cybersecurity and fraud prevention, Ms. Borges will provide attendees with the knowledge and tools necessary to navigate the complex digital landscape of modern Accounts Receivable Management.
The World Credit Congress 2024 takes place in Orlando, 14-16 October. To secure your space at this unmissable event visit www.worldcreditcongress.com/registration/
