- Target says it declined to act on early alert of cyber breach
(Reuters) - Target Corp's security software detected potentially malicious activity during last year's massive data breach, but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.. read article
- Victim of $440K wire fraud can't blame bank for loss,
Computerworld - A federal court in Missouri has rejected an escrow firm's attempt to blame its bank for a $440,000 cyberheist in March 2010. read article
- Professional Liability Lawsuits
As receiver for a failed financial institution, the FDIC may sue professionals who played a role in the failure of the institution in order to maximize recoveries. These individuals can include officers and directors, attorneys, accountants, appraisers, brokers, or others. Professional liability claims also include direct claims against insurance carriers such as fidelity bond carriers and title insurance companies. read article
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