An electronics testing firm in Louisiana is suing its bank, Capital One, alleging that the financial institution was negligent when it failed to stop hackers from transferring nearly $100,000 out of its account earlier this year. In August, Security Fix wrote about the plight of Baton Rouge-based JM Test Systems, an electronics testing firm that in February lost more than $97,000 from two separate unauthorized bank transfers a week apart. According to JM Test, Capital One has denied any responsibility for the losses. On Friday, JM Test filed suit in a Louisiana district court, alleging breach of contract and negligence by the bank. The firm says it is still out a total of $89,000, and that it has spent roughly $70,000 investigating and responding to the breaches. “Capital One was not willing to make good on our losses or attempt any type of settlement,” said Happy McKnight, JM Test’s controller.
