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Who is responsible when cyber attack hits?
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Court Report
Wednesday, March 27, 2013
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Who is responsible when a title agent’s escrow account gets hit by cyber fraud? The U.S. District Court for the Western District of Missouri answered that question in a case brought by a title agent who lost $440,000 from a cyber fraud attack, then sued its bank under the Funds Transfers Act. Read on for the court’s conclusion.
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