Stations, the following is a news announcement. Suggested lead in 3,2,1...
California financial institutions encourage small business, government and non-profit customers to bank online. Banks save money, and many customers believe online banking is safe and their deposits are protected by Federal Deposit Insurance.
Julie Rogers, an attorney specializing in cyber-theft, says hacking into these accounts and diverting funds is rampant, and banks are not required by law to give business customers their money back.
IF A SMALL BUSINESS FALLS PREY TO A CORPORATE ACCOUNT TAKEOVER, ONE OF ITS ONLY OPTIONS TO RECOVER THE MISSING FUNDS IS TO SUE ITS BANK. BUT NOT EVERY CALIFORNIA BUSINESS HAS THE RESOURCES TO FIGHT BACK. DINCEL LAW GROUP REPRESENTED T-R-C OPERATING COMPANY, AN OIL PRODUCTION COMPANY IN TAFT. IT WAS A TWO YEAR LEGAL BATTLE AGAINST UNITED SECURITY BANK. THE FACT THAT THE BANK WAS WILLING TO PAY THREE HUNDRED AND FIFTY THOUSAND DOLLARS IN SETTLEMENT FOR TRCâ€™S LOSS OF TWO HUNDRED AND NINETY-NINE THOUSAND SIX HUNDRED DOLLARS IS A VICTORY UNDER THE CALIFORNIA COMMERCIAL CODE.
Businesses can learn more at dincellaw.com.