Who eats the loss when a deepfake authorizes a wire transfer: the customer or the bank?
Banking and cybersecurity attorney John Lande of Dickinson Bradshaw tackles this topic under UCC Article 4A in an upcoming session on August 27th designed
Iowa Cybersecurity Law Blog
The Iowa Cybersecurity Law Blog, published by Dickinson, Mackaman, Tyler & Hagen, P.C., focuses on legal issues related to cybersecurity, data breaches, and privacy within the financial and banking sectors. It covers topics such as regulatory compliance for financial institutions, fraud prevention and liability in wire transfers, the legal implications of emerging technologies like stablecoins, and risk management strategies for banks and businesses. The blog also addresses the intersection of cybersecurity with banking law, including anti-money laundering and consumer protection laws, and provides updates on relevant legislation and court rulings affecting cybersecurity and financial fraud.
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Latest from Iowa Cybersecurity Law Blog
Wire Fraud in the Age of AI
Wire transfer fraud continues to be a major source of loss for both banks and businesses. Though the schemes vary, they typically result in unauthorized transfers being initiated through an online banking portal. Fraudsters have become skilled at exploiting both…
Acting Like a GENIUS: Stablecoins and Navigating the Future of Payments
The digital asset space is moving fast, and the recent passage of the GENIUS Act is just one more example of the changing landscape of banking. Financial institutions are starting to think about how to prepare for the future of…
ProPublica Article Cites Dickinson Bradshaw Attorney John Lande
Attorney John Lande, chair of the firm’s Cybersecurity, Data Breach, & Privacy practice group and frequent blogger on banking fraud and cybersecurity issues, was recently cited in a ProPublica article on how foreign scammers are using U.S. banks to…
Attorney John Lande Featured on The Price of Business
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…
Banks May Be Liable for Fraudulent Consumer Wire Transfers
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…
Unauthorized Wire Transfers: On Demand Master Class Now Available
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.…
Iowa is About to Have a Data Privacy Law
By John Lande
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 to adopt a data privacy statute. Iowa will join California, Utah, Colorado, Connecticut, and…
“Bank Error in Your Favor” Only Works in Monopoly
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…
Attorney John Lande Selected as Co-Leader of Law Firm Alliance Cybersecurity Community
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…