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/Received on Tue Feb 23 2010 - 22:19:23 PST
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