Thursday, February 25, 2016, 1:00 P.M. CST
Beyond the headlines, the latest cyberattacks target corporate bank accounts, rather than consumer credit cards. The FBI has been warning that wire transfer fraud is booming. The billion-dollar problem targets businesses -- over 7000 to date according to FBI data. These schemes include use of malware, social media, and social engineering to transfer considerable sums from corporate bank accounts to foreign banks beyond legal process. Learn concrete steps your company can take to minimize its risks and reduce its legal exposure. Explore the legal standards applicable for determining the burden of loss, as well as relevant insurance issues.