Tag Archives: Tennessee Electric Company Inc.

Tenn. Firm Sues Bank Over $327K Cyberheist

August 13, 2014

An industrial maintenance and construction firm in Tennessee that was hit by a $327,000 cyberheist is suing its financial institution to recover the stolen funds, charging the bank with negligence and breach of contract. Court-watchers say the lawsuit — if it proceeds to trial — could make it easier and cheaper for cyberheist victims to recover losses.