The Eighth Circuit held, in Choice Escrow & Land Title, LLC, v. BancorpSouth Bank, that a Mississippi bank is not liable for the theft of $440,000 from a customer’s bank account because the customer had rejected part of the bank’s online security procedures.  The court’s detailed review of the bank’s security procedures demonstrates the importance for financial companies of instituting and maintaining strong cybersecurity practices.  Not only do such procedures reduce the risk of a successful cybersecurity incident, but they also minimize the chance that the bank will be held liable for a customer’s poor decisions.