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$475,000 Gone: The Wire Fraud Case That Changed Who’s Liable

A  organization wired $475,000 to a scammer—and the court said they were still liable. The  California Court of Appeal ruled that the party closest to the fraud is responsible for preventing it. In this video, Steven Hicks breaks down what went wrong and how businesses can protect themselves from similar wire fraud schemes.

Monthly Cybersecurity Fundamentals Training

Links Mentioned in Video - Cybersecurity Training: https://get.endsight.net/monthly-cybersecurity-fundamentals-training

Justia Case Summary: https://law.justia.com/cases/california/court-of-appeal/2025/d083655.html

Lanka and Hanna Article: https://lanak-hanna.com/news/responsibility-for-fraudulent-wire-transfers/ 

Cornell Imposter Rule: https://www.law.cornell.edu/ucc/3/3-404

 

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