Daniel S. Strick, a partner at Goldberg Segalla in Philadelphia, has published an article for the Professional Liability Defense Federation. The article addresses best practices to avoid cyber hacking fraud during wire transactions.
In “Wire Transactions Gone Wrong and How to Avoid and Interception by a Fraudster,” Strick discusses recent litigation highlighting fraudsters’ tactics to introduce false wiring instructions. He emphasizes steps to ensure funds reach their intended destination.
“Slowing down and ensuring the wire instructions are authentic is the best way to prevent the transmission of funds to a fraudster,” Strick stated. “Careful inspection and scrutiny of the wiring instructions will go a long way. Calling a trusted number to confirm the wiring instructions is imperative.”
Strick is an experienced litigator with over 20 years of trial experience, defending professionals such as lawyers, accountants, insurance brokers, and corporate officers in various disputes across state, federal, and appellate courts.
