Citibank accused of failing to protect, reimburse victims of fraud in lawsuit filed by New York Attorney General Letitia James
NEW YORK -- New York Attorney General Letitia James is suing Citibank for allegedly failing to protect and reimburse victims of fraud.
In a lawsuit filed Tuesday, James claims customers lost millions of dollars as a result of the company's weak security and anti-fraud measures.
The lawsuit also alleges the bank does not do enough to prevent unauthorized account takeovers and misleads customers about their rights after their accounts are hacked.
In a statement, Citibank says the company works extremely hard to prevent threats from affecting their clients while helping those who become victims of fraud.
