Victim of $440K wire fraud can’t blame bank for loss, judge rules

http://www.choice-escrow.com/

A federal court in Missouri has rejected an escrow firm’s attempt to blame its bank for a $440,000 cyberheist in March 2010.

In a ruling last week, the U.S. District Court for the Western District of Missouri held that Choice Escrow and Land Title LLC had essentially failed to follow its bank’s recommended security procedures and therefore had only itself to blame for the loss.

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Story added 27. March 2013, content source with full text you can find at link above.