Anonymous Online Misconduct practice area category
Anonymous Online Misconduct practice area categoryAnonymous Online Misconduct

Jeffrey Rosenfeld Authors Law360 Article on Ways to Prevent Becoming a Victim of Wire Fraud

  |   Friday, January 30, 2015

In 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.






Related articles

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Karl Kronenberger Discusses Data Ransoming in Lawyer Monthly

Ransomware, which is a form of malware that encrypts data and demands a payment from the victim to unlock it, is a growing problem. And...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Jeff Rosenfeld Gives Warning to Individuals Looking to

In the article, “Christmas is the season for giving…money to scammers?” published by InsideCounsel, Partner Jeff Rosenfeld discusses common charity scams that occur during the...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Gregory Alexander Pleads Guilty to Criminal Hacking Charge

Today criminal defendant Gregory Alexander pled guilty to unlawfully accessing the email account of victim Randall Hough, under 18 U.S.C. Section 2701(a)(1) (Unauthorized Access to...

Read More

Anonymous Online Misconduct
Anonymous Online Misconduct practice area category
Internet Law Firm Exposes Fraudulent Internet Site Targeting

With the filing of an amended complaint in federal court in Las Vegas, the firm exposed to the world the true control and ownership of...

Read More

Open Newsletter Signup Popup