New York's attorney general sues Citibank, alleging poor online security and fraud protection, resulting in millions lost.

New York's attorney general has filed a lawsuit alleging that Citibank has inadequate online banking security and fails to protect its customers from fraud. The lawsuit claims that New Yorkers have lost millions of dollars to unauthorized account takeovers and wire transfers due to Citibank's poor response to red flags and misleading accounting information.

January 30, 2024
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