New York’s attorney general, Letitia James, yesterday launched legal action against one of America’s biggest banks for allegedly failing to adequately protect and reimburse customers who fell victim to online fraud. She argued that Citibank should pay back the “millions” that New Yorkers are alleged to have lost, with interest, as well as penalties, and improve anti-fraud defenses for the future.

Source: Infosecurity Magazine – Information Security & IT Security