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8th Circuit Upholds Data Breach Coverage for Bank Loss Following Hacker’s Fraudulent Transfer | Ad Law Access
Last week, the Eighth Circuit upheld a lower court’s ruling in State Bank of Bellingham v. BancInsure Inc., finding that a bank employee’s negligence in securing its computer network did not preclude coverage for a data breach resulting in a fraudulent funds transfer. The decision affirms the lower court’s ruling granting summary judgment in favor of […]