On October 21, 2020, Salvatore Scanio presented an American Bar Association webinar on Cybercrime and Funds Transfer Fund – Recent Developments. The well-attended program was sponsored by the Banking Law and Cyberspace Law committees of the ABA’s Business Law Section. He was joined by Ben Wallach, a banking industry fraud and cyber executive.
The lively program discussed the latest trends in cybercrime involving fraudulent funds transfers. They reviewed recent funds transfer schemes, including those arising as a result of the COVID-19 era. The program discussed the latest developments in the legal regime applicable to fraudulent ACH and wire transfers, and explained the allocation of liability in such cases. They also addressed schemes involving law firms. The webinar featured numerous questions and answers throughout the event.
For a copy of the program materials, please contact Salvatore Scanio at sscanio@ludwigrobinson.com.