How To Secure Your Vendor Data to Avoid Internal & External Fraud
When was the last time you assessed your security roles and access permissions? Who has access to your vendor's sensitive information, and how do you effectively manage that risk?
Whether you're working in the office, remotely, or traveling, the exposure of vendor data in both digital systems and physical copies can lead to potential fraud.
In this insightful, 75-minute event, discover how to establish robust controls that foster a workplace culture that prioritizes security. You'll learn how to implement measures that ensure team members maintain a security mindset in every workplace setting.
Join us and walk away with the following critical guidance, to become much better equipped to manage privacy, and reduce risk at your organization:
- Three key pieces of sensitive vendor data stored in the vendor master file
- Three steps to secure vendor-sensitive data without involving the System/IT team
- Four steps to secure vendor-sensitive data with System/IT team assistance
- How to Identify the scope of exposed vendor-sensitive data
Strategies for Protecting Vendor-Sensitive Data
- Securing electronic vendor-sensitive data in emails
- Safeguarding vendor-sensitive data in your Accounting System/ERP
- Protecting hardcopies of vendor-sensitive data in the office
Ensuring Data Security and Compliance
- Conducting audits to foster a security-focused mindset
- Understanding the Nacha operating rule for secure handling of vendor-sensitive data
- Latest internal fraud statistics from the Association of Certified Fraud Examiners (ACFE)
- Latest external fraud statistics from the Federal Bureau of Investigation (FBI)
Processes and Tracking for Data Security
- Creating a checklist of vendor-sensitive data for collaboration with the Systems/IT team
- 5-step process to track and monitor security roles and access in the Accounting System/ERP
- The next trending evolution of Business Email Compromise (BEC) according to the FBI
Question & Answer Session – have your specific question answered!
About the Speaker
Debra Richardson, LLC
Debra is an accounts payable speaker, trainer, and consultant. An accredited Accounts Payable Manager, Procure-to-Pay Manager, and Payment Reporting Specialist, she has over 20+ years’ experience in accounts payable, accounts receivable, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark. She has worked in the Telecommunications, Automotive, Healthcare, and Oil & Gas industries.
- As a practitioner, Debra focused on Global Vendor Maintenance for US, APAC, EMEA, and LATAM countries, managed a team of 17 processing over 2,000 vendor requests per month and maintained 140k+ active vendors across seven accounting systems. Responsible for issuing over 24k+ IRS 1099s, she was also successful at establishing internal controls and authentication to prevent fraud in the vendor master file.
- Debra now focuses on helping Accounts Payable and Procurement Teams protect the Vendor Master file from Fraud by providing training, content and resources to clean-up vendor data and clean-up vendor processes to pay the right vendor.
- She speaks regularly at in-person conferences and virtual events for Accounts Payable organizations and 3rd Party Providers.
In this security-focused event, you will learn effective and proven ways to protect vendor-sensitive data to prevent both internal and external fraud. You’ll also be able to develop a checklist of the potential scope of vendor-sensitive data exposure in your organization and will be equipped to work with your Systems/IT team to mitigate exposure.
If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!
Premier Learning Solutions is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org