Bank transfer fraud typically involves unauthorized transactions from your account—either through account hacking, phishing schemes, or social engineering. Criminals may gain access to your online banking credentials or trick you into transferring money to a fraudulent account. In other cases, fraudsters impersonate bank representatives or vendors and convince victims to authorize the transfer themselves under false pretenses.
Responsibility for the fraud depends on how the transfer occurred. If you initiated the transfer based on deception (such as a scam call or fake email), liability becomes more complex. However, if the transaction was completely unauthorized or the result of a compromised account, your bank may be held responsible—especially if they failed to use strong security protocols or detect suspicious behavior.
A lawyer who handles bank transfer fraud cases in California can help determine whether the fraud was due to your bank’s negligence, a third-party scammer, or a combination of both. Your attorney will guide you through the legal and investigative process, hold the appropriate parties accountable, and help you pursue compensation through litigation or negotiation.
