Peter A. Crusco Large Sugar Bowls and Wire Transfers
If you do a lot of business with financial institutions, banks and law firms, you are probably routinely warned about the risks of wire transfers. This article will discuss recommended steps to help avoid your wire transfer from being the target of the unscrupulous, as well as current case law illuminating some issues in the litigation of misdirected and purloined wire transfers.
December 22, 2023 at 10:00 AM
8 minute read
Cybersecurity
If you do a lot of business with financial institutions, banks and law firms, you are probably routinely warned about the risks of wire transfers. These warnings appear like drum beats especially during the holiday season because transfers significantly multiply at this time. The hackers, or "cyber fraudsters", most assuredly also know this and their creative juices and endeavors also increase in multiples.
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