Banking
Mar. 21, 2015
Cybercrime keeps banking fraud attorneys busy
The increasing rate of cybercrime aimed at banks and sloppy implementation of new finanical apps is creating a lot of business for attorneys who advise financial institutions on their online fraud prevention programs.
Daily Journal Staff Writer
The increasing rate of cybercrime aimed at banks is creating an uptick in business for attorneys who advise financial institutions on their online fraud prevention programs. The issue has been driven home by the inordinately high rate of fraud among Apple Pay transactions.
Independent consultants have pegged instances of fraud at around 6 to 7 percent of all payments made through the system, a massi...
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