The First Of Long Island (FLIC) has issued an announcement.
The First National Bank of Long Island experienced unauthorized wire transfers totaling $11.1 million due to a customer’s compromised banking information. After thorough investigations, the bank found no evidence of a broader security breach and confirmed adherence to proper online transfer procedures. Despite a customer’s demand for fund restoration, the bank is disputing the claim and remains confident that the issue won’t lead to a probable loss. This isolated incident has not affected the bank’s operations or other clients.
For a thorough assessment of FLIC stock, go to TipRanks’ Stock Analysis page.
