Podcast: The Hidden Risk in Your Vendor Master
Cooperatively Speaking, a podcast by E&I Cooperative Services (E&I), discusses the topics most important to business officers, procurement, and end-users at schools and universities. In this episode focused on payment frauds, Joe Castelluccio, E&I’s Business Development Manager for General Products & Services discusses the common ways these frauds are successful on campus with guests from Spring Branch ISD, the University of Kentucky, and PaymentWorks.
You’ll learn why the risk inherent to the vendor master is not solved by traditional cybersecurity, common ways in which fraudsters try to trick AP/procurement into changing bank account information, and the processes in place at Spring Branch ISD and UK that thwarted fraudulent attempts.
About E&I Cooperative Services
E&I is the only member-owned, non-profit procurement cooperative exclusively focused on serving education. E&I delivers unsurpassed value and an exceptional experience to its members through a broad portfolio of competitively solicited contracts with industry-leading suppliers as well as innovative sourcing solutions. The Cooperative empowers its members to make informed, analytics-driven decisions to capture more spend and maximize their education dollars.