In December, I wrote about how a Louisiana electronics testing firm was suing its bank, Capital One, to recover the losses after cyber thieves broke in and stole nearly $100,000. It looks like another small firm in that state that was similarly victimized by organized crooks also is suing Capital One to recover their losses.
Joseph Mier and Associates Inc., a real estate appraisal company based in Hammond, L.a., lost more than $27,000 last year when five four unauthorized automated clearing house (ACH) withdrawals were made from its accounts and sent to individuals around the United States.
“I immediately contacted the bank, and for about a week dealt with them to correct the error,” Owner Joseph Mier said. “Finally, they said, ‘From what we can see, whoever did this used your credentials, but nobody breached our system and we’re not responsible.’ I told them maybe they should change their slogan to, “Who’s in your wallet?'”
A spokesperson for Capital One said the company does not comment on pending litigation.