Tag Archives: John Marshall Law School

Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

July 24, 2018

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its cybersecurity insurance provider for refusing to fully cover the losses.

Ruling Raises Stakes for Cyberheist Victims

June 16, 2014

A Missouri firm that unsuccessfully sued its bank to recover $440,000 stolen in a 2010 cyberheist may now be on the hook to cover the financial institution’s legal fees, an appeals court has ruled. Legal experts say the decision is likely to discourage future victims from pursuing such cases.