FFIEC guidance aimed at curbing ACH fraud is still pending. EMI lost more than $560,000 to fraud, sued Comerica for not having adequate security measures in place to pick up on the fraud before approving the wire transactions that led to the loss. The EMI case is the first corporate account takeover incident to actually go to trial, still awaits a verdict. The Federal Financial Institutions Examination Council is preparing to release an advisory about ACH and wire transfers.”]
Source: https://www.cuinfosecurity.com/account-takeover-wheres-progress-a-3656