NY AG Sues Citibank For Insufficient Data Security Measures, Failure to Address Scams
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New York Attorney General Letitia James filed a lawsuit against Citibank, alleging the big bank failed to do enough to protect and reimburse victims of scammers and hackers because of Citi’s weak security and anti-fraud measures.
According to the NY AG, Citi does not do enough to prevent unauthorized account takeovers, illegally refuses to reimburse fraud victims, and “misleads” customers about their rights after their accounts are hacked.
The lawsuit, filed in US District Court for the Southern District of New York, alleges that Citi has “overpromised and underdelivered on security” and failed to respond appropriately to red flags.
“Banks are supposed to be the safest plac…
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