New ACH Fraud Suit Filed
July 19, 2011
Total Loss:
$465,000
A March 2010 incident of corporate account takeover has led to yet another legal dispute between a commercial customer and its former bank. [See the complaint.]
California-based Village View Escrow Inc. on June 27 filed a complaint with the California Superior Court, Los Angeles, against Professional Business Bank, claiming the bank is liable for the $465,000 financial loss Village View suffered after hackers infiltrated its online bank account.
Source:
Bank Info Security
Posted in:
ACH and Wire Fraud