Citibank sued by New York AG for allegedly failing to protect customers from scammers

New York state’s attorney general’s office on Tuesday said it had sued Citibank for allegedly failing to protect customers from electronic fraud and secure reimbursement for victims, which it said had cost customers in the state millions of dollars.In a lawsuit filed in Manhattan federal court, Attorney General Letitia James alleged Citi’s lax security protocols allowed scammers to gain easy access to users’ accounts and steal their deposits through unauthorized wire transfers.“Banks are supposed to be the ...