Stepping Up Against Authorized Fraud

At face value, while many banks will feel some sympathy if their client was impacted by fraud, unless the bank was clearly responsible, the bank would ensure that they didn’t cover the losses, and as rigorously as possible. After all, banks are businesses and losses can have a material impact on margins. They may choose to reimburse, but that will be part of their business strategy. Download to find out more.

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