Aaron C. Garavaglia of Squire Patton Boggs writes:
From consumers and merchants to financial institutions and investors, fraud is a global problem that damages healthy economic growth. Two sobering statistics illustrate that as the world has become more connected, fraud has only proliferated. In 2001, the FTC received 137,306 reports of fraud. In 2019, that number increased to 1,697,934 – an increase of over 1,000%. As fraud has increased, so too are disputes about who bears the cost. A recent case in the U.S. District Court for the Eastern District of Pennsylvania highlights the strains in the system, as credit card issuers try to hold a retailer liable for negligence in its handling of payment card data.
Read more about the Wawa breach litigation and its significance on National Law Review.