arts
$17M in escrow funds gone overnight: Palm Beach law firm sues bank over cyber attack
By Katherine Kallergis at The Real Deal
· June 12, 2026
· 1 min read
In the early morning of a Thursday in January, more than $17 million of funds disappeared from the escrow account of a prominent real estate law firm in Palm Beach. Now, the law firm is suing the bank for the unrecovered funds, according to a lawsuit obtained by The Real Deal. Attorneys Guy Rabideau
Key takeaway Now, the law firm is suing the bank for the unrecovered funds, according to a lawsuit obtained by The Real Deal.
Why this matters in The Miami
The cyber attack that drained over $17 million from a Palm Beach law firm's escrow account has significant implications for Miami's own real estate industry. As a major hub for luxury property deals, Miami's lawyers and brokers must be vigilant about the security of their clients' funds. The fact that a prominent law firm in a neighboring county can fall victim to such a massive cyber heist raises questions about the preparedness of Miami's financial institutions to prevent and respond to similar attacks. Miami-Dade County's reputation as a safe and secure place to do business, particularly in the high-stakes world of luxury real estate, depends on the ability of its banks and law firms to protect their clients' assets from cyber threats. The outcome of the lawsuit against First Horizon Bank will be closely watched by Miami's real estate community.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 12, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? In the early morning of a Thursday in January, more than $17 million of funds disappeared from the escrow account of a prominent real estate law firm in Palm Beach. Now, the law firm is suing the bank for the unrecovered funds, according to a lawsuit obtained by The Real Deal. Attorneys Guy Rabideau
When was this published? This article was first published on June 12, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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