Financial institutions are realizing how upstream impersonation scams lead directly to downstream fraud. And potential lawsuits. New York Attorney General Letitia James sued Citibank and the company behind Zelle for failing to protect and reimburse consumers from impersonation-driven fraud last year. 86-year-old Nina Mortellito sued Bank of America and Merrill Lynch after losing $700,000 to..
First seen on securityboulevard.com
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