Title Firm Sues Bank Over $207k Cyberheist
Summary: A Virginia title insurance firm, Global Title Services, is suing Capital One over an eight-day cyber heist in June 2010 in which thieves infected its computers with the ZeuS Trojan and sent 18 fraudulent wires totaling more than $2 million. The bank reversed all but the first three wires, leaving Global Title with a $207,758 loss, and the company alleges Capital One's single-factor authentication and failure to act on its owner's June 1 call enabled the theft.
What's compelling: The lawsuit turns on a 2:09 p.m. phone call reporting a locked account and a bank that still let nearly $1.8 million in wires leave over the following six days - a reminder that authentication and anomaly detection are the difference between a $207,758 loss and a $2 million one.
Read the original at Krebs on Security ↗
- Topics
- Vulnerabilities & Patching
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