The PATCO Construction Inc. case, recently reversed by a U.S. appeals court, is seen as a win for fraud victims. But what are the takeaways for banking institutions? Attorney Joe Burton offers insight.
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
A U.S. appeals court reversed a lower court's ruling in the ACH/wire fraud dispute between PATCO Construction Inc. and the former Ocean Bank, now People's United. What is next in this high-profile case?