CEO Morning Brief

Citibank Sued by New York AG Over Online Fraud Protections

edgeinvest
Publish date: Wed, 31 Jan 2024, 03:09 AM
TheEdge CEO Morning Brief
 

(Jan 30): Citibank was sued by New York Attorney General Letitia James over its alleged failure to adequately protect customers from online banking scams.

James claimed in a suit filed Tuesday in federal court in Manhattan that the bank hasn’t put in place sufficient safety measures and security protocols to prevent fraudsters from stealing money through online and mobile banking.

Source: TheEdge - 31 Jan 2024

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