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Mason Hayes & Curran Dispute Resolution Conference Examines AI Deepfakes and Bank Liability for Fraud Victims

Source: GlobeNewswire

Legal & LitigationBanking & LiquidityCybersecurity & Data Privacy

The article raises questions over liability for authorised-payment scams, including whether a financial institution that executes a customer's payment instruction is responsible for resulting losses. It also examines whether victims can seek recovery from the fraudster's receiving bank; no case outcome, damages amount, or regulatory action is provided.

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