VillageView Escrow, a Riverside, Calif. escrow company, settled along-running dispute with its bank, Professional BusinessBank, over a 2010 incident in which hackers drained $400,000from the company's bank account. The amount of the settlement wasnot disclosed, but it reportedly covers all of the money VillageView lost in the theft, plus interest.

For a story about earlier verdicts in such cases, seeDiverging Decisions on Banks' Responsibility for Cybercrimes.For more about online thefts from corporate bank accounts,see Beware Online Banking Thieves.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

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