Court Allows Woman to Sue Bank for Lax Security After $26,000 Stolen by Hacker | Threat Level | Wired.com

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Court Allows Woman to Sue Bank for Lax Security After $26,000 Stolen by Hacker | Threat Level | Wired.com: ”

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Court Allows Woman to Sue Bank for Lax Security After $26,000 Stolen by Hacker
By Kim Zetter September 4, 2009  |  2:58 pm  |  Categories: Cybersecurity, The Courts
An Illinois district court has allowed a couple to sue their bank on the novel grounds that it may have failed to sufficiently secure their account, after an unidentified hacker obtained a $26,500 loan on the account using the customers’ user name and password.

As initially reported by legal blogger, David Johnson, Marsha and Michael Shames-Yeakel sued Citizens Financial Bank in 2007 in the northern district of Illinois on several grounds, including a claim that the bank failed to provide state-of-the-art security measures to protect their account.

U.S. District Judge Rebecca Pallmeyer refused last week to grant a summary judgment in favor of Citizens Financial, stating in her ruling (.pdf) that ‘assuming that Citizens employed inadequate security meas”

(Via .)

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