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Can Cybercrime and Identity Theft Affect Your Retirement Savings?
DeBofsky Law Link to more items from this source
[Opinion]
Jan. 24, 2023

"Given the ubiquity of cybercrime, the number of unusual activities that were taking place, and the amount of the transfer that was requested, a security alert should have been triggered to prevent the funds from being transferred without further verification. Machine learning and artificial intelligence techniques have reached a level of sophistication that almost all fraud is detectable; and only if organizations such as Alight Solutions are required to face potential liability will they have the incentive to implement such protections." [Disberry v. Employee Relations Committee of the Colgate-Palmolive Company, No. 22-5778 (S.D.N.Y. Dec. 16, 2022)]  MORE >>

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