Bank, Payday Lender Spar Over Insider Cybersecurity Risk

June 1, 2017Media Mention

A recent federal court ruling illustrates that employees continue to pose cybersecurity risks for companies that have upgraded security in response to a data breach, cybersecurity professionals and attorneys told Bloomberg BNA ( USAA Fed. Sav. Bank v. PLS Fin. Servs., Inc. , N.D. Ill., No. 16-cv-7911, dismissal 5/30/17 ).

The present case arises from USAA Federal Saving Bank claims that PLS Financial Services, a payday lending group, negligently failed to protect USAA customers’ "financial information so as to allow third parties to create fraudulent checks.” But Judge Sara L. Ellis of the U.S. District Court for the Northern District of Illinois dismissed the claims.