AOH :: ISNQ5959.HTM

Texas firm countersues bank in connection with $800, 000 cyber theft




Texas firm countersues bank in connection with $800, 000 cyber theft
Texas firm countersues bank in connection with $800, 000 cyber theft



http://www.computerworld.com/s/article/9160798/Texas_firm_countersues_bank_in_connection_with_800_000_cyber_theft?taxonomyId=17 

By Jaikumar Vijayan
Computerworld
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.

[...]


___________________________________________________________
Register now for HITBSecConf2010 - Dubai, the premier 
deep-knowledge network security event in the GCC, 
featuring keynote speakers John Viega and Matt Watchinski! 
http://conference.hitb.org/hitbsecconf2010dxb/ 



Site design & layout copyright © 1986-2014 CodeGods