Tag Archives: Village View Escrow Inc.

$1.5 million Cyberheist Ruins Escrow Firm

August 7, 2013
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A $1.5 million cyberheist against a California escrow firm earlier this year has forced the company to close and lay off its entire staff. Meanwhile, the firm’s remaining money is in the hands of a court-appointed state receiver, which is considering a lawsuit against the victim’s bank to recover the stolen funds.

Bank Settles With Calif. Cyberheist Victim

June 26, 2012
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A California escrow firm that sued its bank last year after losing nearly $400,000 in a 2010 cyberheist has secured a settlement that covers the loss and the company’s attorneys fees. The settlement is notable because such cases typically favor the banks, and litigating them is often prohibitively expensive for small- to mid-sized businesses victimized by these crimes.