Online banking and P2P

Posted By: elebra

Online banking and P2P - 01/05/21 10:24 PM

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?
Posted By: BrianC

Re: Online banking and P2P - 01/05/21 10:32 PM

Look at 1005.2(m). That is an "access device obtained through robbery or fraud." The bank is liable.