August 2009

Dertz Quoted in “Cyber Attackers Empty Business Accounts in Minutes” Article Syndicated Online

In his “Cyber Attackers Empty Business Accounts in Minutes” article, syndicated by the IDG News Service, Robert McMillian interviewed Blackman Kallick Tax Partner, Jeff Dertz, on the growing threat of ACH fraud.

Fraudsters are taking advantage of the widely used but obscure Automated Clearing House (ACH) Network in order to pull off their attacks. This financial network is used by financial institutions to handle direct deposits, checks, bill payments and cash transfers between businesses and individuals. And while consumers are protected from this type of fraud, the rules for corporations and organizations are not as clear-cut.
 


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.