ISM Fraud-Prevention Event Coming Up

The Institute for Supply Management–Alabama/Mississippi Gulf Coast, Inc. (ISM) will host a free fraud-prevention event for procurement professionals on November 10 at the University of South Alabama Mitchell College of Business, Room 270 in Mobile. The session is open to everyone who buys, approves or pays for goods and services on the Gulf Coast, whether or not they are ISM members. The event comes weeks after the City of Mobile disclosed that $14.7 million was sent to a fraudulent entity in a single wire transfer tied to Regions Arena construction. Fraud experts say such schemes often begin with emails impersonating trusted vendors. The featured speaker is Tyler Etheridge, a financial crime investigator. Etheridge will share how procurement scams work, the warning signs teams should watch for and practical resources to protect organizations. The Better Business Bureau Serving Central and Southern Alabama will also be providing additional free resources.