Robert W. Ludwig and Salvatore Scanio presented their paper, Technology and Salvage: Using Social Media in Recovery and Allocating Cybercrime Funds Transfers to Third Parties, at the Fidelity and Surety Law 2020 Midwinter Conference of the American Bar Association, Tort Trial & Insurance Practice Section, in New York, New York on January 31, 2020.
The conference theme was, “A Whole New World: The Impact of Technology and Cybercrime on Fidelity Policies.” They were joined by Joseph S. Szary of Great American Insurance Group. Their presentation addressed the latest trends in cybercrime involving fraudulent funds transfers and how losses are allocated between insureds and third-parties, particularly banks. They also discussed how social media may be used effectively in locating businesses and individuals, their income and assets, and covered applicable regulatory guidelines. Their discussion included the recent opinion by the 11th Circuit Court of Appeals, Peter E. Shapiro, P.A. v. Wells Fargo Bank, N.A., 2019 U.S. App. LEXIS 35604 (11th Cir. Nov. 27, 2019).
For further information, contact Salvatore Scanio at sscanio@ludwigrobinson.com or 202-289-7605 or Robert Ludwig at rludwig@ludwigrobinson.com or 202-289-7603.