Should you trust Zelle?

BankInfoSecurity.com reported that “The latest edition of the ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among identity and access management vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.” (https://tinyurl.com/2p96dc2c).    The October 13, 2022 report entitled ” The Growing Zelle Fraud Problem and Who Should Pay for It" (https://tinyurl.com/k8kmsxhe) included these comments:

*Former CISO David Pollino discuss U.S. Sen. Elizabeth Warren's investigation into Zelle scams and to what extent banks should be held accountable for losses;

*ISMG's Michael Novinson summarize the week's M&A news, including how private equity firm Thoma Bravo announced its intention to acquire ForgeRock for $2.3 billion - the third company Thoma Bravo has purchased in the identity and access management space this year;

*Privacy expert Lisa Sotto outline the newly proposed legal framework for personal data transfers between the U.S. and the European Union under an executive order recently issued by President Joe Biden.

What do you think about Zelle?