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#2247240 - 01/05/21 10:24 PM Online banking and P2P
elebra Offline
100 Club
Joined: Apr 2009
Posts: 106
What if a fraudster spoofs the bank's telephone number, calls a customer, gains online login and password from the customer and transfers out $2000 in four transactions of $500 in P2P payments? Who is liable?
Last edited by elebra; 01/05/21 10:25 PM.
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Deposits and Payments
#2247242 - 01/05/21 10:32 PM Re: Online banking and P2P elebra
BrianC Online
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,428
Illinois
Look at 1005.2(m). That is an "access device obtained through robbery or fraud." The bank is liable.
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