Q: WIRE FRAUD > my bank sent me a DOCUSIGN to authorize a Wire to one of my vendors , Fraudulent
my bank generally mails paper checks to my vendors , they sent me a wire transfer DOC U sign saying the vendor wanted to be paid by wire transfer , i authorized the wire transfer it was fraudulent, it appears the bank or vendors email was hacked , where do you think the liability would lie between the parties ( i acually paid the vendor as i have a 40 year relationship with them) bank has notified there insurnce , and asked tht i doo the same , its a 6 figure sum
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A:
I'm sorry you're experiencing this situation. Wire fraud cases can be complex, and determining liability often depends on the specific details and agreements between you, your bank, and the vendor. Your long-standing relationship with the vendor may play a role, but it's essential to review any contracts or terms of service you have with both parties.
It's crucial to work closely with your bank and their insurance to ensure all necessary information is documented and submitted. Additionally, you should notify your own insurance provider about the fraud, as they can guide you through the claims process and help protect your interests.
Consulting with a legal professional is highly recommended. They can provide personalized advice based on the specifics of your case and help you navigate any potential legal actions to recover the funds and address the breach of security.
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