Daniel S. Strick, a partner in Goldberg Segalla’s Management and Professional Liability practice group in Philadelphia, recently published an article for the Professional Liability Defense Federation regarding best practices for avoiding cyber hacking fraud in the course of executing a wire transaction.

In the article titled, “Wire Transactions Gone Wrong and How to Avoid and Interception by a Fraudster,” Dan highlights recent litigation that demonstrates the lengths fraudsters will go to introduce false wiring instructions, as well as the appropriate steps to ensure wire funds reach the intended target.

“Slowing down and ensuring the wire instructions are authentic is the best way to prevent the transmission of funds to a fraudster,” Dan said. “Careful inspection and scrutiny of the wiring instructions will go a long way. Calling a trusted number to confirm the wiring instructions is imperative.”

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MORE ABOUT GOLDBERG SEGALLA’S DANIEL S. STRICK:

Dan is a highly experienced litigator who counsels and defends lawyers, accountants, insurance brokers, corporate officers, and other professionals in a variety of administrative and civil disputes in state, federal, and appellate courts. With more than 20 years of trial experience, Dan has defended a wide range of civil matters involving professional malpractice, insurance coverage, trucking liability, dram shop, commercial premises liability, maritime, subrogation, indemnification, product liability, and other commercial actions. He has served as lead trial attorney in matters venued throughout Pennsylvania and New Jersey.