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Recent Posts
- Virginia Court in Email ACH Funds Transfer Fraud Case Relies on NACHA Rules in Permitting Claims Against Bank
- Nevada Bench Trial Applies UCC in Allocating Loss Between Hacked Seller and Duped Buyer
- Salvatore Scanio’s Article on the NAIC Insurance Data Security Model Law Published by ABA’s Cybersecurity and Data Privacy Committee
- New York Court Rejects Cut Down of UCC Art. 4A’s 1-Year Notice Rule for Unauthorized Funds Transfers
- FinCEN Advisory Highlights Cybercriminals Exploiting COVID-19 Pandemic for Funds Transfer Fraud
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Monthly Archives: September 2020
L&R Obtains Prompt Full Recovery for Polish Client in ACH Cybercrime Case
A U.S. subsidiary of a Polish company suffered a loss of nearly $100,000 arising from 10 unauthorized ACH (automated clearing house) debits over a single week. After an unknown theft of the subsidiary’s bank account number and bank name/routing number, … Continue reading →
Posted in BANKING & FINANCE, CORPORATE, INSURANCE, INTERNATIONAL, LITIGATION
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Tagged ACH Debits, ACH Fraud, Bank Liability, Business Email Compromise, Corporate ACH, Cybercrime, Cybersecurity, Email Fraud, Funds Transfer Fraud, NACHA, NACHA Operating Rules, NACHA Warranty, ODFI, RDFI, Robert Ludwig, Salvatore Scanio, Unauthorized ACH Debits
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