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Cyber Security

Malwarians at the Gate: Banks, Business Customers and ACH Fraud

Banks and their customers are on opposite ends of a feud over which is responsible when online banking accounts get hacked and pillaged. But where does the fault really lie? And is there a cure for the plague of online banking fraud? This question is at the heart of a slew of lawsuits making their way through federal and state courts. Small banks are eagerly awaiting something like a precedent-setting answer from these cases on which to hang their Not Our Problem policy, while consumers already suspicious of a banking sector that has come under fire for their reliance on fees looks for the same.

Source: https://threatpost.com/malwarians-gate-banks-business-customers-and-ach-fraud-091010/74451/

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