A Redondo Beach, Calif. escrow company settled its bank transfer hacking case against its former bank this week, according to
In 2010, Village View Escrow said that a weakness in Professional Business Bank's security lost Village View more than $400,000 after its account was broken into by internet criminals. Professional Business Bank of California failed to use multi-factor authentication, according to a
Professional Business Bank agreed to pay Village View back the amount it lost plus interest, the website says.
