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ACH Fraud: Is Legislation Needed?

FDIC Symposium a ‘Good Start,’ But Attendees want more talk, action. Small businesses are bearing the brunt of losses related to fraud, says Amanda Gross. Big business and small businesses need to work together to prevent fraud losses, says Gross. The scope of the problem — who’s to blame for cyber-fraud breaches, and who’s ultimately liable for cyber hacks — was not answered. The National Security Council’s Comprehensive National Cybersecurity Initiative will focus on partnerships between public and private entities.”]

Source: https://www.cuinfosecurity.com/ach-fraud-legislation-needed-a-2524

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