DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Court Favors Bank in Fraud Dispute; Customer Had Declined Dual Authentication

Posted on March 22, 2013 by Dissent

More on the lawsuit and countersuit between Choice Escrow and Land Title and BancorpSouth, mentioned previously on this blog. Tracy Kitten reports:

A federal court has sided with a Mississippi bank in a lingering dispute with a customer over financial losses linked to an account takeover incident dating back to March 2010. That means the bank will not have to cover the cost of the loss or pay damages.

On March 18, in a summary judgment filed in a U.S. District Court in Missouri, a magistrate judge favored BancorpSouth in its legal dispute with Choice Escrow Land Title LLC over a $440,000 loss that resulted from fraudulent wire transfers.

Read more on BankInfoSecurity.com.


Related:

  • Two more entities have folded after ransomware attacks
  • British institutions to be banned from paying ransoms to Russian hackers
  • Microsoft Releases Urgent Patch for SharePoint RCE Flaw Exploited in Ongoing Cyber Attacks
  • Global hack on Microsoft product hits U.S., state agencies, researchers say
  • Michigan ‘ATM jackpotting’: Florida men allegedly forced machines to dispense $107K
  • Premier Health Partners issues a press release about a breach two years ago. Why was this needed now?
Category: Breach IncidentsFinancial SectorOf NoteU.S.

Post navigation

← FL probation officer accused of milking records for tax refund fraud scheme
Granger Clinic may have lost patients’ appointment documents →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Scattered Spider Hijacks VMware ESXi to Deploy Ransomware on Critical U.S. Infrastructure
  • Hacker group “Silent Crow” claims responsibility for cyberattack on Russia’s Aeroflot
  • AIIMS ORBO Portal Vulnerability Exposing Sensitive Organ Donor Data Discovered by Researcher
  • Two Data Breaches in Three Years: McKenzie Health
  • Scattered Spider is running a VMware ESXi hacking spree
  • BreachForums — the one that went offline in April — reappears with a new founder/owner
  • Fans React After NASCAR Confirms Ransomware Breach
  • Allianz Life says ‘majority’ of customers’ personal data stolen in cyberattack (1)
  • Infinite Services notifying employees and patients of limited ransomware attack
  • The safe place for women to talk wasn’t so safe: hackers leak 13,000 user photos and IDs from the Tea app

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • California Attorney General Announces $1.55M CCPA Settlement with Healthline.com
  • Canada’s Bill C-2 Opens the Floodgates to U.S. Surveillance
  • Wiretap Suits Pit Old Privacy Laws Against New AI Technology
  • Action against tiny Scottish charity sparks huge ICO row
  • Congress tries to outlaw AI that jacks up prices based on what it knows about you
  • Microsoft’s controversial Recall feature is now blocked by Brave and AdGuard
  • Trump Administration Issues AI Action Plan and Series of AI Executive Orders

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.