Vendor, ABA ‘Agree to Disagree’ on possible legislation to protect businesses from ACH fraud losses. CEO of security vendor Authentify: “There are no true villains in this saga, outside of the criminal gangs in Eastern Europe” Security expert: Tighter controls around high risk transactions need to be layered. Gartner analyst and fraud expert: “Most of these problems will simply go away if the banks institute fraud protection and controls around money transfers and other high risk banking transactions””]
Source: https://www.cuinfosecurity.com/reg-e-reform-discussed-in-dc-a-2451