Cooperatively Speaking

The Hidden Risk in Your Vendor Master

May 23, 2022 E&I Cooperative Services Season 2 Episode 2
Cooperatively Speaking
The Hidden Risk in Your Vendor Master
Show Notes

E&I Host: Joe Castelluccio, Director, Business Development
Guests: Naomi Emmons, Deputy Chief Procurement Officer at the University of Kentucky; Rick Gay, Director of Procurement Services at Spring Branch Independent School District; and Taylor Nemeth, Head of Payments at PaymentWorks

With 74% of organizations reporting they were the target of an actual or attempted payments fraud in 2020, the problem is well known -- but not well understood.

In this episode, Joe (in his debut episode!) and our guests discuss the common ways these frauds are successful using real-world examples from higher education and K-12 institutions. 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.

Helpful Resources:

Cooperatively Speaking is hosted by E&I Cooperative Services, the only member-owned, non-profit procurement cooperative exclusively focused on serving the needs of education. Visit our website at

Our E&I Hosts

  • David Manz, Business Partnerships Manager, Facilities & Interiors
  • Saul Alvarado, Vice President, Business Partnerships Manager
  • Joe Castelluccio, Director, Business Development
  • Titus Martin, Executive Director, Supplier Diversity

Contact Us
Have questions, comments, or ideas for a future episode? We'd love to hear from you! Contact Cooperatively Speaking at

This podcast is for informational purposes only. The views expressed in this podcast may not be those of the host(s) or E&I Cooperative Services.