Corporate Customer Sues Bank after Phishing Attack and
Wins Financial Institutions Should Expect and Prepare for an Onslaught of Similar Lawsuits
On June 13th, 2011 for the very first time, a commercial banking customer was victorious in a lawsuit resulting from an Internet phishing attack. The financial institution now must come up with and reimburse the $561,000 that was never recovered. There are many key lessons learned that banks and credit unions can draw from this case
What will you learn:
> Why the judge sided with the account holder.
> X's and O's of a successful Phishing attack.
> Steps to counter emerging online attacks and wire fraud