Bank is taking action against a former commercial customer, claiming the customer, not the bank, is liable for losses and damages. BancorpSouth, a $14.3 billion bank in Mississippi, filed a counterclaim against Choice Escrow and Land Title LLC. The case is the first ACH/wire fraud dispute to be reviewed by a federal court. In June, Village View Escrow Inc. lost nearly $400,000 after its online bank account with Professional Business Bank was taken over by hackers.”]
Source: https://www.cuinfosecurity.com/bank-sues-customer-over-achwire-fraud-a-4945