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Old National failed to halt $1.1M fraud on Minneapolis bank account, lawsuit claims

  • Posted on September 3, 2026
  • By Star Tribune
  • 8 Views
  • 1 min read
In brief

A Minneapolis bank customer filed a lawsuit against Old National Bank after the institution failed to prevent fraudulent activity despite the customer having purchased fraud protection services. The case highlights significant gaps in bank security protocols, with 55 unauthorized transactions depleting the account by $700,000. This legal action raises important questions about financial institutions' responsibilities in protecting customers from cyber fraud and the effectiveness of paid security services offered by major banks.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Old National failed to halt $1.1M fraud on Minneapolis bank account, lawsuit claims
Old National failed to halt $1.1M fraud on Minneapolis bank account, lawsuit claims

Despite purchasing fraud protection, the victim found 55 fraudulent transactions that left the account $700,000 overdrawn, according to a lawsuit.
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Author
Star Tribune

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