A Springfield, Missouri escrow company has filed a lawsuit against BancorpSouth Bank, accusing the bank of failing to prevent a hacker from stealing $440,000 from the escrow company.
Jim Payne, owner of Choice Escrow and Land Title, told The Springfield News-Leader that his company had to take out a loan to cover the loss because the bank wouldn’t refund any of the money.
He said it appears that criminals infected the escrow company’s computer and stole its user ID and password for its BancorpSouth trust account.
Randy Burchfield, Bancorp senior vice president and director of marketing in Tupelo, Miss., said the bank would present its side during court proceedings. He declined further comment.
Was this article valuable?
Here are more articles you may enjoy.
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
State Farm to Increase Claims Workforce by 3,000 
NY Governor Urges Review of Cornell Response to Assault Case 
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
