Discussion on the Dangers of Wire Transfer Fraud Cyberattacks

Wire transfer fraud cyberattacks: they cost U.S. businesses billions of dollars each year, but you can take action to minimize your risk. In this episode of the Faegre Drinker on Law and Technology Podcast, host Jason G. Weiss talks with intellectual property Partner Ken Dort about this cyber threat also known as business email compromise attacks. They discuss how wire fraud happens, who’s at risk for these attacks, and the complicated process of recovering losses after hackers hit an organization. Jason and Ken also talk through the steps businesses can take now to reduce their risk of wire fraud down the road.