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Manufacturer sues JPMorgan after cyber criminals stole $272m

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28 April 2022

Manufacturer files lawsuit alleging that US bank failed to inform it of suspicious transaction activity

Gareth Lodge, analyst at Celent, said banks could build trust by improving activity monitoring. “There is an opportunity for banks to differentiate, by doing extra checks, providing training etc. Given how widespread [the problem] is, it should also be something banks should work together on.”

Read more via Computer Weekly

News article details

Industry
Corporate Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America