Lawsuit Seeks End To Bank Cybercrime Secrecy

What's happening: News is surfacing that business bank accounts are being looted. Banks have traditionally been reluctant to share information about the problem for fear of damage to their reputation. A lawsuit has been filed in Virginia to force banks to turn over information they have that might serve to identify the criminals.

What it means: This is good news to the information security community. The more information we get from banks about the nature of the losses that their customers are suffering, the better able businesses will be to effectively defend themselves.

What to do: Stay tuned. Watch this trend. It could portend good news on the cybercrime front.

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Business bank accounts are being looted in a surge of cybercrime, leaving companies with serious losses. http://www.informationweek.com/news/security/attacks/showArticle.jhtml?articleID=219400896