David Ashenfelter reports on a ruling in a case with potentially huge implications, EMI v. Comerica (past coverage): Comerica bank must reimburse a Sterling Heights sheet metal company $561,000 it lost in an Internet phishing attack, a federal judge has ruled in what may be the first such case nationally to be tried to a…
Search Results for: Comerica
ACH Fraud on Trial: EMI v. Comerica
Tracy Kitten writes: Michigan-based Experi-Metal Inc. and Comerica Bank headed to court this month. Their case is the first major corporate account takeover incident to actually go to trial. The two parties now appear before the U.S. District Court of Michigan to debate how much responsibility EMI should assume for the takeover of its bank…
EMI v. Comerica: Court Finds Commercially Reasonable Security — Bank Loses Motion for Summary Judgment
David Navetta provides a legal analysis of the court’s denial of the bank’s motion for summary judgment in the case. An odd result — we know. We previously reported on the lawsuit filed by Experi-Metal, Inc. (“EMI”) and the subsequent motion for summary judgment (and briefs) filed by Comerica Bank to have the case dismissed….
Recommended: The Curious Case of EMI v. Comerica
David Navetta writes: Security breaches in the online banking world continue to yield interesting lawsuits (you can read about three others in this post). The latest online banking lawsuit filed by Experi-Metal Inc. (“EMI”) against Comerica (the “EMI Lawsuit”) provides some new wrinkles that could further illuminate the boundaries of “reasonable security” under the law….
Houstonian sent to prison for fraud schemes totaling nearly $2M
There is an update to a case involving the Teton School District that was first reported in 2018. Although the FBI was able to recover some of the stolen funds for the district, this was not the first time the district had suffered this type of breach. But at least now the threat actor responsible…
Forbes Breach Email Statistics
Total of 1,056,986 E-mail’s Found are unique. Total of 111,735 E-mail Providers 564 FORBES.COM 844 .GOV 14,572 .EDU Below is a list of all email providers that have 2 or more in the breach. (full list here) Article: https://datalossdb.org gmail.com: [407769] yahoo.com: [181617] hotmail.com: [86667] aol.com: [25032] justafou.com: [20092] asertol1.co.tv: [17472] comcast.net: [11368] live.com: [9842] xamog.com:…