New York City real estate firm A.C. Lawrence & Co. has filed a lawsuit accusing Bond New York of hacking into its servers in an effort to steal clients.

"The lawsuit states that 'in or about February 2011, Defendants and other individuals working with Defendants began to hack into the Listing System in order to immediately convert for their own use the proprietary property rental and sales listings obtained by the Plaintiff,'" writes SecurityNewsDaily's Matt Liebowitz.

"According to the New York real estate magazine The Real Deal, A.C. Lawrence lost at least $100,000 in commissions as a result of the hacking," Liebowitz writes. "The company is seeking more than $5 million in damages, and alleges that Bond's illegal actions were common knowledge among its employees."

Go to "NYC Real Estate Firm Hacked Competitor, Lawsuit Charges" to read the details.

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