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Firm Bankrupted by Cyberheist Sues Bank

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January 8, 2014
OODA Loop
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“A California escrow firm that was forced out of business last year after a $1.5 million cyberheist is now suing its former bank to recoup the lost funds. A state-appointed receiver for the now defunct Huntington Beach, Calif. based Efficient Services Escrow has filed suit against First Foundation Bank, alleging that the bank’s security procedures […]

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