An oil company settled with its bank for $350,000 (257,000) after suing it for failing to provide commercially reasonable security measures for protecting the funds.Back in 2011, TRC Operating Co. Inc., an oil company in California, had about $3.5 million (2.575 million) in its bank account sacked as a result of the banking credentials falling in the hands of cybercriminals.KrebsonSecurity reports that the crooks initiated multiple wire transfers in order to ship the money into Ukr…
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