Experi Metal and Comerica Case Heads to Court
January 20, 2011
Total Loss:
$500,000
A lawsuit headed to court this week over the 2009 cyber theft of more than a half-million dollars from a small metals shop in Michigan could help draw brighter lines on how far banks need to go to protect their business customers from account takeovers and fraud. The case is being closely watched by a number of small to mid-sized organizations that have lost millions to cyber thieves and have been waiting for some sign that courts might be willing to force banks to assume at least some of those losses.
Source:
Krebs On Security
Posted in:
ACH and Wire Fraud