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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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Tag Archives: Comparative Negligence
Nevada Bench Trial Applies UCC in Allocating Loss Between Hacked Seller and Duped Buyer
In cybercrime cases, there often are two victims: one a business subject to an email hack and another that transmits funds based on fraudulent wire instructions from the hacked email account. Which party should bear the loss? A Nevada federal … Continue reading
Posted in BANKING & FINANCE, CORPORATE, INSURANCE, INTERNATIONAL, LITIGATION
Tagged BEC, Business Email Compromise, Comparative Negligence, Cybercrime, Cybersecurity, Funds Transfer Fraud, Salvatore Scanio, UCC, UCC Article 4A, UCC Articles 3 and 4, Unauthorized Transfer, Uniform Commercial Code, Wire Transfer Fraud
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