March 28, 2022 by John David in Litigation, Privacy

Precision Computer Services Wins Negligence Lawsuit Against Newtown Savings Bank

Bank’s failed procedures enabled a fraudster to transfer $67,000 to an overseas account NEWTOWN, Conn. (March 28, 2022) – Technology firm Precision Computer Services, Inc. recently won summary judgment in its negligence lawsuit against Newtown Savings Bank. In 2017, the bank failed to identify a fraudulent wire transfer order, and

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