Attorney John Lande of Dickinson Bradshaw recently appeared on the nationally syndicated Price of Business radio show to discuss how fraudsters are the real payment experts in the world of banking.
In the episode, Lande discusses with host Kevin Price the specific provisions of U.S. law that allow fraudsters to transfer funds into bank accounts…
The New York Attorney General (“NYAG”) filed a lawsuit that may ultimately clarify whether banks are liable for fraudulent consumer wire transfers.
Generally, wire transfers are governed by Article 4A of the Uniform Commercial Code (“UCC”). Under the UCC, a bank that validates the identity of the sender of a wire transfer using a commercially…
Companies of all kinds and sizes face a barrage of phishing, spoofing, domain squatting, typo squatting, and numerous other social engineering scams from fraudsters attempting to induce funds transfers to fraudsters, or use compromised access to initiate unauthorized funds transfers.
Aired live on September 14th in conjunction with Lexology, the intelligent global legal research platform, a…
UPDATE: On March 28, 2023, Governor Kim Reynolds signed Senate File 262 into law. Iowa is the sixth state in the nation to adopt this type of comprehensive consumer data protection.
Three years after this blog first covered Iowa’s efforts to pass a data privacy bill, Iowa is poised to be the sixth state in the country…
As modern software has made complex transactions easier to execute, it has also enabled banks to make enormous mistakes with a single click of a mouse.
A federal district court’s ruling last year in a case involving Citibank threatened to turn wire transfers into a game of high-stakes roulette, where some recipients of unintentional wires…
Attorney John Lande of Dickinson Law has been selected as the new co-leader of the Law Firm Alliance Cybersecurity Community. Lande, along with Jessica Copeland of Bond, Schoeneck & King in New York, both bring significant experience in their roles. Copeland serves as the lead of Bond’s Cybersecurity practice group, and Lande is chair of Dickinson’s…
Fintech, short for Financial Technology, is a relatively new industry which uses technological developments to provide financial services. Despite its age and recent issues in the global economy, Fintech has grown exponentially around the world. Global Fintech funding more than doubled in 2021 to over $130 billion; up from around $49 billion in 2020.…
Dickinson Law’s John Lande, chair of the firm’s Cybersecurity, Data Breach, & Privacy practice group, is featured in a new podcast episode by Cybercrime Magazine.
The magazine and podcast are part of Cybersecurity Ventures, the world’s leading research firm and authority on the global cyber economy, and a trusted source on cybersecurity issues.
Lande…
A daily stream of headlines highlights cybersecurity incidents affecting both large and small organizations.
In the face of this coverage, most organizations have learned the importance of cybersecurity, and taken basic steps to secure their information technology. However, many still fail to recognize the substantial risk cyber-fraudsters pose to their organization’s funds in the bank.…
Cyber insurance is a critical part of a layered cybersecurity defense.
However, as this blog recently covered, cyber insurance carriers are suffering increasing losses from claims on cyber insurance policies. Consequently, cyber insurance companies have started to draft strict coverage clauses to reduce the number of claims, and lowered the amount of coverage available…
