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 account with Comerica. What won’t be debated, however, is how banks should define “reasonable” security, says IT security attorney David Navetta — a definition left open to interpretation by the Uniform Commercial Code.
Read more on BankInfoSecurity.