Monday, December 7, 2009

La. firm sues Capital One after losing thousands in online bank fraud

What's happening: An electronics testing firm in Louisiana is suing its bank, Capital One, alleging that the financial institution was negligent when it failed to stop hackers from transferring nearly $100,000 out of its account earlier this year.

What it means: Another victim of online bank fraud does battle with its bank over who's responsible.

What to do: Follow our earlier recommendations. Manage your own security. Check your insurance. Send your attorney a copy of our paper "An Emerging Information Security Minimum Standard of Due Care."

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La. firm sues Capital One after losing thousands in online bank fraud