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Experi-Metal vs. Comerica Case Heads to Trial
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...
View ArticleCourt Favors Small Business in eBanking Fraud Case
Comerica Bank is liable for more than a half a million dollars stolen in a 2009 cyber heist against a small business, a Michigan court ruled. Experts say the decision is likely to spur additional...
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Calif. Co. Sues Bank Over $465k eBanking Heist
A California real estate escrow company that lost more than $465,000 in an online banking heist last year is suing its former financial institution, alleging that the bank was negligent and that it...
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Bank Settles With Calif. Cyberheist Victim
A California escrow firm that sued its bank last year after losing nearly $400,000 in a 2010 cyberheist has secured a settlement that covers the loss and the company’s attorneys fees. The settlement is...
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Court Ruling Could Be Boon to Cyberheist Victims
A decision handed down by a federal appeals court this week may make it easier for small businesses owners victimized by cyberheists to successfully recover stolen funds by suing their bank. The U.S....
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Missouri Court Rules Against $440,000 Cyberheist Victim
A Missouri court last week handed a legal defeat to a local escrow firm that sued its financial institution to recover $440,000 stolen in a 2009 cyberheist. The court ruled that the company assumed...
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$1.5 million Cyberheist Ruins Escrow Firm
A $1.5 million cyberheist against a California escrow firm earlier this year has forced the company to close and lay off its entire staff. Meanwhile, the firm’s remaining money is in the hands of a...
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Ruling Raises Stakes for Cyberheist Victims
A Missouri firm that unsuccessfully sued its bank to recover $440,000 stolen in a 2010 cyberheist may now be on the hook to cover the financial institution’s legal fees, an appeals court has ruled....
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Tenn. Firm Sues Bank Over $327K Cyberheist
An industrial maintenance and construction firm in Tennessee that was hit by a $327,000 cyberheist is suing its financial institution to recover the stolen funds, charging the bank with negligence and...
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Blind Trust in Email Could Cost You Your Home
The process of buying or selling a home can be extremely stressful and complex, but imagine the stress that would boil up if — at settlement — your money was wired to scammers in another country...
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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M
Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is...
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