Rechtsanwalt (Lawyer) and Partner
Dr Raphael Klesen has been working as a lawyer in our Freiburg office since 2017 and became a partner in 2023. He primarily advises clients in the areas of corporate finance, banking and capital market law, start-up financing & VSOP, as well as private succession and corporate succession.
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Legal Insights
12. February 2024
Fraud cases in online banking – updates from case law and legislation
Payment service providers must be prepared for an increasing number of cases of fraud in online banking and ever higher loss amounts. In addition, there is a growing litigation risk for payment service providers due to increasing demands on the security systems used as part of strong customer authentication. Furthermore, new legislation is planned to...
Reading time: 4 min
Banking and Finance Law
25. January 2024
Risks of standard account authorization for company employees in cases of fraud
In the latest attacks on companies’ online banking accounts, which are occurring in various forms, the standard account authorization is becoming an unmanageable risk. The problem If a company’s accounts department employee is issued an account authorization by the management to use online banking, among other things, the account authorization form provided by the company’s...
Reading time: 3 min
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