JP Morgan must face suit from Ray-Ban maker after crooks drained $272m from accounts

TL;DR

A New York federal judge told JP Morgan Chase Bank this week that he would not toss a lawsuit accusing the bank of ignoring red flags when cybercrooks stole $272 million from the New York account of the company that makes Ray-Bans in 2019.In an opinion and order filed on Wednesday [PDF], US District Judge Lewis Liman dismissed claims that JP Morgan breached its contract and was negligent, but said that the Thai manufacturing subsidiary of international eyewear company EssilorLuxottica, Essilor Manufacturing (EMTC), can continue with a claim under New York contract law requiring banks to refund unauthorized payment orders from a customer.JP Morgan had earlier claimed, in its attempt to get the lawsuit dismissed, that Essilor couldn't maintain a claim against it under New York law "because it was not the 'sender' of the payment orders and thus cannot obtain a refund."Just months after the transfers took place in 2019, Essilor said it had been the victim of a cyberattack on its group servers and computers, and claimed to have isolated the infected servers and installed software patches "with the support of leading external antivirus experts."Here's a video of Mark Zuckerberg modeling the shades (you're welcome), which, as The Reg reported, were slated to appear in real-world stores last year."

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