If you own a business, you may think you’re protected from fraudulent activity at your bank, but, well, it’s complicated. For instance, a few years ago Choice Escrow lost $440,000 when fraudsters stole username and password information and used the information to raid the company’s BancorpSouth account. The money was transferred via wire to Cyprus. Choice said the bank failed to institute reasonable security measures. BancorpSouth said they weren’t responsible because the theft was carried out using legitimate login credentials. The bank had also asked Choice to adopt more stringent security measures, including requiring two people to sign off on wire transfer requests. Choice hadn’t followed the recommendation, and this was one of the reasons the court ruled against them.