Anonymous Online Misconduct
Jeffrey Rosenfeld Authors Law360 Article on Ways to Prevent Becoming a Victim of Wire Fraud
| Friday, January 30, 2015In the Law360 article “Invoice Intercepted: A New Form of Wire Fraud,” Partner Jeffrey Rosenfeld discusses different avenues to avoid becoming a victim of a new type of wire – intercepted or false invoices. Mr. Rosenfeld advises companies to “use secure passwords for your email accounts, review invoices to ensure they are bona fide, triple-check that large wire transfers are being made to the intended recipient, request confirmation from the payee that it received the wire payment, and use payment systems that have recourse in the event of fraud, like personal checks and credit cards.”
If a company has already been victimized, they should file a John Doe lawsuit against the perpetrator and serve a subpoena to the depository or transferee bank in order to help identify the perpetrator. In most cases, the bank will not be held liable for vetting, or the lack thereof, its customers; however, if the transaction is “suspiciously obvious,” such as falsifying checks, then the bank could be found guilty of negligence.
Though options are limited following a wire fraud attack, it is imperative you act immediately to ensure the greatest chance of recovering lost funds.
MOST RECENT
-
How to Keep Up With New Privacy Laws
Tuesday, June 21, 2022 -
Secure Passwords Are the Key to Your Online Security
Tuesday, May 31, 2022 -
4 Ways to Protect Your Crypto
Tuesday, May 31, 2022 -
FTC Reviews Rule on Earnings Claims
Tuesday, March 01, 2022 -
Firm Files Lawsuit Against Uphold HQ Inc Over Faulty Two-Factor Authentication
Monday, February 28, 2022
RELATED PRACTICE AREAS
Related articles
Anonymous Online Misconduct
Internet Law Firm Succeeds in Dismissing Lawsuit Against
Prominent Internet law firm, Kronenberger Rosenfeld, recently succeeded in dismissing a lawsuit brought against popular Internet message board ProBoards, Inc.The lawsuit, brought by a former...
Anonymous Online Misconduct
Karl Kronenberger Discusses NetJets’ Request to Enforce Oral
NetJets, the world’s largest operator of private jet planes, has requested a federal judge in Columbus, Ohio to dismiss a lawsuit by its pilots’ union...
Anonymous Online Misconduct
Lawyer Monthly Q&A: Should Companies Pay Data Hacking
In the 21st century, a new form of kidnapping has arisen: data ransoming. Hackers can gain access to digital assets and information through a company’s...
Anonymous Online Misconduct
Karl Kronenberger Nominated for Cyber Law and Business
Partner Karl Kronenberger was nominated for the Cyber Law and Business Report's (CLBR) Special Year-End “Heroes and Zeroes” 2014 list for his landmark verdict in...