Banking
Jul. 11, 2012
Cyber theft and wire transfer fraud litigation
Businesses making large money deposits increasingly are being targeted by cyber thieves. By Julie Bonnel-Rogers of Silicon Valley Law Group
Cyber thieves are increasingly targeting businesses that make large money deposits in order to maximize their fraudulent returns. Liability for breach of cyber security is a new and emerging area of the law being litigated across the country through corresponding state codes and common law claims, sometimes with inconsistent results.
Article 4A of the Uniform Commercial Code applies to "funds transfers" and has been ado...
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