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Hackers Wire Out $440K From Company's Bank Account

Saturday, December 11, 2010 - 9:47 AM
From Bank Info Security:
A Missouri-based escrow company has sued its bank [BankcorpSouth] after losing $440,000 in a case of wire fraud.

It's important to note that Regulation E doesn't cover business accounts. So businesses may not be reimbursed for loss due theft of their online bank accounts.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708