'I Was Robbed!'—Florida’s Statutory Safe Harbor for Wire Transfers
Litigation Attorneys Lee Teichner and Kevin Paule wrote an article for Daily Business Review that discusses the increase of hackers accessing bank account holders' personal information in order to initiate wire transfers. Mr. Teichner and Mr. Paule write about financial institutions' potential immunity from liability for wire transfers if they followed commercially reasonable security procedures, as agreed upon by the customer.
READ: 'I Was Robbed!'—Florida’s Statutory Safe Harbor for Wire Transfers (Subscription Required)