Summary: Whether it is a spear phishing attack, social engineering, or malware specifically tailored to obtain online banking credentials, hundreds of thousands of dollars are at risk to fund transfer fraud and other cyber-crime. Beyond the financial consequences of these cyber-attacks, entities face an increasingly complex array of legal obligations and issues in the aftermath of one of these events. This presentation will give an overview of trends in cyber-crime, legal issues that may arise from these events, how responses to the events affect potential liability, and how the law allocates responsibility between parties involved.
