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run4yourlives
on June 8, 2011
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Bank Not Responsible for Letting Hackers Steal $30...
Let's assume for a second that this wasn't a hacker, but a malicious employee. In your world is the bank still liable for this?
tptacek
on June 8, 2011
[–]
No, because even using countermeasures that meet or exceed industry best practices, a malicious employee could be expected to gain access to the account. Unlike this case, the internal fraud would be entirely outside the bank's control.
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