Michigan-based Experi-Metal Inc. and Comerica Bank headed to court this month. EMI-Comerica case is the first major corporate account takeover incident to actually go to trial. The two parties appear before the U.S. District Court of Michigan to debate how much responsibility EMI should assume for the takeover of its bank account. What won’t be debated is how banks should define “reasonable” security, says IT security attorney David Navetta. New guidance could hold banks more accountable for online security and commercial bank account protection.”]
Source: https://www.bankinfosecurity.com/ach-fraud-on-trial-a-3297