A Texas manufacturing firm last week filed a counter lawsuit against
PlainsCapital bank of Lubbock in connection with the cyber theft of some
US$800,000 from its online banking account.
In a complaint filed in US District Court for the Eastern District of Texas,
Hillary Machinery of Plano, charged that PlainsCapital failed to adequately
protect the stolen money from online thieves. Just as it would not be "commercially
reasonable" for the bank to keep cash unguarded from thieves, it was
unreasonable that the bank did not have adequate online protections, Hillary’s