Tag Archives: banks

Hacking Continues: European Central Bank Is the Latest Victim

WHEN WILL IT stop? We have been hearing about cyberhacking for years, and rather than hack attacks dropping out of the news, we continue to be inundated with reports of successful hacks. This time the latest victim is the European Central Bank.

Perhaps you are thinking that because hacking is nothing new, methods and technology should have been developed to thwart hackers in their tracks. And it is true, there has been significant progress in this regard.

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A New Legal Perspective on ACH Fraud

A Missouri court recently handed down a judgement in an ACH/wire fraud dispute between Choice Escrow and BancorpSouth, and in a change from rulings in similar cases, this judgment favored the bank. The judge’s findings may well impact how other cases are decided in the future.

Partner Joseph Burton comments in Bank Info Security on the case and what the decision may mean going forward. Click here to read the article and listen to the interview.