Comerica Bank opted to close its case with former customer Experi-Metal Inc., despite proclamations the bank made last month to appeal a U.S. District Court’s ruling. A Michigan court’s ruling favored EMI’s account was taken over by cyberfraudsters in 2009. In another ACH-fraud case, Choice Escrow is amending its petition against BankcorpSouth to expand on the definition of “good faith” The discussion surrounding good faith and reasonable security, in light of the new FFIEC guidance, is picking up steam.”]
Source: https://www.cuinfosecurity.com/blogs/ach-debate-good-faith-reasonable-security-p-1018