New ACH Fraud Suit Filed

Tracey Kitten reports:

A March 2010 incident of corporate account takeover has led to yet another legal dispute between a commercial customer and its former bank. [See the complaint.]

California-based Village View Escrow Inc. on June 27 filed a complaint with the California Superior Court, Los Angeles, against Professional Business Bank, claiming the bank is liable for the $465,000 financial loss Village View suffered after hackers infiltrated its online bank account.

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