When a computer virus infection at a business allows thieves to steal tens of thousands of dollars from the company’s commercial banking account, banks typically don’t reimburse the victim company. But the truth is, most banks make that decision on a case-by-case basis. Take, for example, the case of two Umpqua Bank customers in Vancouver, Wash., both of which suffered major financial losses last year after compromises at employee computers allowed thieves to access their accounts remotely. Read the full article. [KrebsonSecurity]
Banks Cover Crime Victims Case By Case
When a computer virus infection at a business allows thieves to steal tens of thousands of dollars from the company’s commercial banking account, banks typically don’t reimburse the victim company. But the truth is, most banks make that decision on a case-by-case basis. Take, for example, the case of two Umpqua Bank customers in Vancouver, Wash., both of which suffered major financial losses last year after compromises at employee computers allowed thieves to access their accounts remotely. Read the full article. [KrebsonSecurity]
