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Daily Dashboard | Turnabout as Bank Sues Customer Hit by Cybertheft Related reading: US House commences proposed American Privacy Rights Act debate

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PlainsCapital Bank of Lubbock, Texas, has filed a lawsuit against its customer, Plano-based Hillary Machinery, following the theft of $800,000 from the company by cyberthieves operating out of Italy and Romania, according to Computerworld. The lawsuit followed Hillary Machinery's demands that the bank repay it for the balance of funds not recovered after the crime was detected. In the suit, PlainsCapital is seeking for the courts to affirm that the bank was not negligent in security procedures and that it did not breach its contract with the company. Hillary Vice President Troy Owen told Computerworld that the suit is an attempt to deny culpability through "bullying."
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