Finally, a positive outcome in a cyberheist lawsuit.
Brian Krebs reported that a Professional Business Bank settled with a Village View Escrow Inc, a California cyberheist victim.
A California escrow firm that sued its bank last year after losing nearly $400,000 in a 2010 cyberheist has secured a settlement that covers the loss and the company's attorneys fees. The settlement is notable because such cases typically favor the banks, and litigating them is often prohibitively expensive for small-to mid-sized businesses victimized by these crimes. Here is link to his blog post.
Brian Krebs reported that a Professional Business Bank settled with a Village View Escrow Inc, a California cyberheist victim.
A California escrow firm that sued its bank last year after losing nearly $400,000 in a 2010 cyberheist has secured a settlement that covers the loss and the company's attorneys fees. The settlement is notable because such cases typically favor the banks, and litigating them is often prohibitively expensive for small-to mid-sized businesses victimized by these crimes. Here is link to his blog post.
