CARES Act Fraud, Paying People & Fraudsters, Part 1 – Steve Lenderman – SCW #78
We will review how synthetics are being utilized to perpetrate pandemic related frauds in the Payroll Protection Program and Unemployment Insurance. An overview of the government programs will take place with the controls that were in place, how they were compromised, by who and what you can do to remediate risk.
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Steve Lenderman has been working in the financial crimes sector for over 20 years and is currently with ADP as the Director, Strategic Fraud Prevention in the Global Security Organization. At ADP, Lenderman oversees fraud prevention for all lines of business, including payroll for 6 in 10 Americans and nearly 80% of the Fortune 500.
Prior to ADP, he was the Fraud Operations Lead for PayPal Business Loans where he was responsible for managing fraud detection, investigations and mitigation. Lenderman has spent time with Barclaycard US where he oversaw major investigations, internal investigations, bust outs / credit abuse, FINCEN reporting including SAR’s and 314A & B compliance. Lenderman, was involved in counterfeit card defense, the implementation of chip cards and Apple Pay in the US market.
Additionally, Lenderman has been heavily involved in investigating and identifying synthetic identities and entities. Lenderman is considered an industry expert and serves as the Co-Chair of the Bust Out Synthetic Identity (BOSI) working group. He is the Vice President of the IAFCI Delaware Valley Chapter and is involved with the National Cyber-Forensics &Training Alliance (NCFTA), Innovative Payment Alliance (IPA) and the Payroll Fraud Prevention Group (PFPG).
Lenderman, was also employed with First USA, Bank One and Chase working in various fraud roles. He is a graduate of the University of Delaware with a degree in Criminal Justice and is a regular speaker at numerous fraud conferences, law enforcement trainings and community outreach programs.