By Jaikumar Vijayan
February 23, 2010
A Texas manufacturing firm last week filed a counter lawsuit against
PlainsCapital bank of Lubbock in connection with the cyber theft of some
$800,000 from its online banking account.
In a complaint filed in U.S. District Court for the Eastern District of
Texas, Hillary Machinery Inc. of Plano, charged that PlainsCapital
failed to adequately protect the stolen money from online thieves. Just
as it would not be "commercially reasonable" for the bank to keep cash
unguarded from thieves, it was unreasonable that the bank did not have
adequate online protections, Hillary's complaint said.
Hillary Machinery is seeking to recover its losses from the theft along
with court costs.
"When we put money into a bank there is a high expectation that the bank
is going to protect that money," said Troy Owen, Hillary's vice
president of marketing.
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